September 7, 2023
The real story
Rarely if ever do we get the real reasons why deals get done. It does happen occasionally but that’s definitely not the case with Abbott acquiring Bigfoot. As we stated yesterday this deal was not consummated because Abbott needed Bigfoot. This was not a strategic acquisition. Nor did Abbott need Bigfoot to drive sales of Libre. Given that Bigfoot has practically no presence in the AID market and that Abbott is integrating Libre with the Control IQ and Omnipod 5 you can’t say they needed them to bolster their presence in the AID sector.
This deal . . .
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