CLAIM #3091 · Abbott Laboratories (ABT) · 2023Q3 earnings call · Oct 17, 2023 · due Dec 31, 2023
“Yes, it's my understanding here that we'll see a launch sometime by the end of this year with Tandem.”
Robert Ford · CEO
In context
“eal rough shape and it's not a lot of treatment options. And we've shown in the TRILUMINATE study that we can reduce TR and our understanding and our belief is that reduction of TR is important, and we'll be going through that. And then I'd say the safety profile of the TriClip product is very important as you think about building a new category and a new area, but you've got 5 million people here, Matt, that suffered from TR globally. I believe this is a 1 billion-plus opportunity for sure, and we're committed to building a real strong position on here with innovation on the product and strong clinical evidence to support it. What was your other question, sorry? Matthew Miksic: Sure. Closed-loop integration with Tandem and maybe the ramp or expectations for that process? Robert Ford: Yes, it's my understanding here that we'll see a launch sometime by the end of this year with Tandem. And we're excited about that. There's about 150,000 to 200,000 new pump users globally. So I think this is an area that we've historically haven't been a player in, and now we will be a player in. We've launched an AID system in Europe, let's say, more towards the end of last year into this year, and I was reviewing the results of the team. I mean that pump company has had tremendous kind of growth partnering with us. And so that's a proof point there that when you bring in the choice and the option and you put it together with Libre that there's a real strong value proposition to connecting the pump with Libre. And then as I've said, we want to be a leader in this space, not just be a competitor. So there's a lot of work ongoing right now with our dual analyte glucose ketone sensor,”
Verify independently
SEC filings for ABT ↗ · Claim quote is verbatim from the 2023Q3 earnings call.