Yesterday Abbott announced they had received a CE Mark for the latest version of the FreeStyle Libre. A news event which had a direct and very negative impact on shares of Dexcom. Shares of Dexcom fell over $9 or almost 7%. Now why did this happen, what was the big news from Abbot which caused such carnage. The new FreesStyle Libre 2.0 now offers alarms and alerts, which to us is a non-event as the Dexcom system has been doing that from day one.
Since we were a bite confused and very jet lagged we decided to stop . . .
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