Abbott (ABT) announced results from its REFLECT real-world studies that show the use of FreeStyle Libre continuous glucose monitoring, or CGM, technology is associated with a significant reduction in the risk of hospitalization for heart complications in people with diabetes. For the first time, data show that CGM technology can help lessen the severity of cardiovascular complications – regardless of a prior history of low blood sugar events or heart disease-related hospitalizations – in individuals with Type 1 diabetes. Findings from the studies also show a similar reduction in heart-related hospitalizations for those with Type 2 diabetes on insulin using Libre biowearable technology. Adults with Type 1 diabetes who have had serious low blood sugar episodes are twice as likely to be hospitalized for heart-related issues. The findings suggest that the use of Libre technology could lead to lower healthcare costs due to the reduction in hospital admissions related to heart complications. The risk of hospitalizations for cardiovascular disease was reduced by 80% among people with Type 1 diabetes with no prior history of cardiovascular disease when using the Libre biowearable technology compared to those who used a traditional blood glucose monitor. For individuals with a prior history of cardiovascular disease, the risk of hospitalizations was reduced by 49%.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABT:
- Positive Legal and Market Factors Justify Buy Rating for Abbott Laboratories
- ServiceNow, Enphase, Walgreens, Abbott, Amex: Insider Moves
- Abbott Laboratories Announces Executive Vice President’s Retirement
- Abbott announces data integration agreement with Epic
- Abbott Laboratories: Strategic Advancements and Market Positioning with Volt PFA Platform Drive Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue