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09-29-2006, 05:40 PM
| | Administrator
I am a: Type 1 | | Join Date: Feb 2002 Location: Rhode Island
Posts: 4,235
| |  More news on Abbott Laboratories
This is about Abbott's Freestyle Navigator soon to be FDA approved. The sensors will be approved for five days and the navigator will be labeled for use with finger stick testing. Shortly after winning FDA approval Abbott expects to seek approval for no finger stick testing by using studies already in hand or soon to be completed.
There is three pages to read. On page two there is a paragraph about Johnson & Johnson saying, Quote: |
earlier this month said it was developing its own continuous glucose monitor, with clinical trials set to start in early 2007.
| I guess they don't keep everything quiet.
The future is looking brighter in knowing your numbers! Abbott news
__________________
Tony
Administrator of Diabetesforums.com "Weeding my way through Diabetes, and taking all of you along for the ride." - archimeech |
09-29-2006, 05:56 PM
| | Banned
I am a: Type 1 | | Join Date: Oct 2005 Location: San Jose, CA
Posts: 3,358
| | | I read the article, but didn't see anything about an imminent release date. Did I miss something pertinent? |
09-29-2006, 06:01 PM
| | Administrator
I am a: Type 1 | | Join Date: Feb 2002 Location: Rhode Island
Posts: 4,235
| | | It didn't give an exact date. Just said soon and by the end of the year which we all knew any way. It could be tomorrow or next month for all we now, but no more then three months.
The article was released three hours ago, thought I share anyway.
__________________
Tony
Administrator of Diabetesforums.com "Weeding my way through Diabetes, and taking all of you along for the ride." - archimeech |
09-29-2006, 06:35 PM
|  | Senior Member
I am a: Type 1 | | Join Date: Oct 2005 Location: Sacramento California
Posts: 2,515
| | | Thats awesome. Abbott makes top quality products imo.
From what I remember; Abbott aquired Freestyle(therasense?) about 5 years ago, right when the flash was introduced and for a pretty penny. I hope the people that were aquired are still working there and they come out with the best CGMS. It might help Abbott getting covered in more insurance plans too. |
09-29-2006, 07:10 PM
| | Administrator
I am a: Type 1 | | Join Date: Feb 2002 Location: Rhode Island
Posts: 4,235
| | | The navigator seems very promising from what I have read on it. Looks like they may when the dog fight in the cgms market. They are excpecting sale to be an annual of $1 billion.
Should we be thinking to buy some stock here?
__________________
Tony
Administrator of Diabetesforums.com "Weeding my way through Diabetes, and taking all of you along for the ride." - archimeech |
09-29-2006, 07:34 PM
| | Banned
I am a: Type 1 | | Join Date: Oct 2005 Location: San Jose, CA
Posts: 3,358
| | Quote: |
Originally Posted by Tony It didn't give an exact date. Just said soon and by the end of the year which we all knew any way. It could be tomorrow or next month for all we now, but no more then three months.
The article was released three hours ago, thought I share anyway. | I'm glad you found that article, regardless of the release date info not set in concrete, Tony.
I can't wait to see if I can get a demo of it, even if there's a modest cost involved. |
09-29-2006, 07:35 PM
| | Banned
I am a: Type 1 | | Join Date: Oct 2005 Location: San Jose, CA
Posts: 3,358
| | Quote: |
Originally Posted by Tony
Should we be thinking to buy some stock here?
| Nah...Cyborg might give it a try and it won't work well...then he sues them for all they are worth...there goes our investment! |
09-29-2006, 08:01 PM
| | Senior Member
I am a: Type 1 | | Join Date: Oct 2005 Location: Sacramento California
Posts: 2,515
| | | Abbott, historically over the past 5 years, is a break even stock. Plus it would probably need a good 2 years to mature to reflect positivly on its options. |
10-01-2006, 09:23 AM
| | Administrator
I am a: Type 1 | | Join Date: Feb 2002 Location: Rhode Island
Posts: 4,235
| | Quote: |
Originally Posted by BriOnH Abbott, historically over the past 5 years, is a break even stock. Plus it would probably need a good 2 years to mature to reflect positivly on its options. | Even if they expect sales to be 1 billion a year. That must do something for the stock, no?
__________________
Tony
Administrator of Diabetesforums.com "Weeding my way through Diabetes, and taking all of you along for the ride." - archimeech |
10-01-2006, 09:30 AM
|  | Senior Member
I am a: Type 1 | | Join Date: Sep 2005 Location: Cincinnati, OH
Posts: 8,369
| | | I think it would do alot for it's stock and it would be instant. When Microsoft came out with Windows 95, stock was extremely low the few months before hand. If you bought it 6 months before, you got a great deal (because they delayed the release date) and then if you sold about a week after Win 95 was released, you would have quadrupled your profits (or some high amount, I can't remember what mine did back then.)
Google was the same way. So there is some immediate effect with a stock. It just depends, if you are buying long term, yeah, you have to wait a few years before you see the dividend payout. But if you are the buy/sell in a few months type, you can make alot in a short time.
I still bang my head I didn't get on the Google bandwagon when I should have.
__________________
●Blue Ash, Ohio Police Dispatcher
●Type 1 diabetic for 25 years (11 months old)
●Animas pumper since December of 2002
~IR 1000 (Dec. 2002-Jan. 2005)
~IR 1200 (Jan. 2005 - ?)
●LifeScan OneTouch UltraSmart Diabetes is an Art, NOT a Science. You must master the control by skills and not by knowledge alone. |
10-01-2006, 09:38 AM
| | Administrator
I am a: Type 1 | | Join Date: Feb 2002 Location: Rhode Island
Posts: 4,235
| | Quote: |
Originally Posted by JediSkipdogg I still bang my head I didn't get on the Google bandwagon when I should have. | By the time we could have bought Google the price was over 100, who knew it would go up to 400 today.
So your buying some Abbott stock?
__________________
Tony
Administrator of Diabetesforums.com "Weeding my way through Diabetes, and taking all of you along for the ride." - archimeech |
10-01-2006, 09:44 AM
| | Senior Member
I am a: Type 1 | | Join Date: Sep 2005 Location: Cincinnati, OH
Posts: 8,369
| | Quote: |
Originally Posted by Tony So your buying some Abbott stock? | I might get a few shares, nothing major like my Microsoft or P&G stock. I'm a long term person though, dad bought Microsoft back in the early 90s and then transferred it to my name when I turned 18. P&G came from my Grandfather. I'm just not one to get into medical stock though, it's one of the most unpredictable but also very profitable.
__________________
●Blue Ash, Ohio Police Dispatcher
●Type 1 diabetic for 25 years (11 months old)
●Animas pumper since December of 2002
~IR 1000 (Dec. 2002-Jan. 2005)
~IR 1200 (Jan. 2005 - ?)
●LifeScan OneTouch UltraSmart Diabetes is an Art, NOT a Science. You must master the control by skills and not by knowledge alone. |
10-01-2006, 09:53 AM
|  | Super Moderator
I am a: Type 1 | | Join Date: Jan 2004 Location: Mid-West
Posts: 7,265
| | Quote: |
Originally Posted by Tony It didn't give an exact date. Just said soon and by the end of the year which we all knew any way. It could be tomorrow or next month for all we now, but no more then three months.
The article was released three hours ago, thought I share anyway. | I know that they're kind of dancing around the whole release date (so as not to get hopes up too high if it's delayed), but it sure would be nice to know. Guess after all this waiting, I'm getting a tad impatient (like some others  )...I've heard from different sources (all credible) that it was to be released this fall (which, it is fall), so I'm guessing it'll either be the end of this year, or possibly spring of 07 (more likely Spring of 07)?
__________________ ALL my love, Carwy & Best wishes for a healthy new beginning! 
Saying prayers for him & all our friends, every day.
_______
"Someone must speak for them. I do not see a delegation for the four footed. I see no seat for eagles. We forget and we consider ourselves superior, but we are after all a mere part of the Creation."
--Oren Lyons, ONONDAGA
______
Pumps & Meters Used:
MM506,7,8,11 & 12, Cozmo, Animas 1200 & 1250 Many
A1C: 6.4
Type I 26yrs, pumping 12
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10-01-2006, 10:00 AM
| | Banned
I am a: Type 1 | | Join Date: Oct 2005 Location: San Jose, CA
Posts: 3,358
| | Quote: |
Originally Posted by Dewey .I've heard from different sources (all credible) that it was to be released this fall (which, it is fall), so I'm guessing it'll either be the end of this year, or possibly spring of 07 (more likely Spring of 07)? | Let's hope they don't take a page out of Microsoft's playbook, and delay, delay, delay... |
10-01-2006, 10:12 AM
| | Senior Member
I am a: Type 1 | | Join Date: Sep 2005 Location: Cincinnati, OH
Posts: 8,369
| | Quote: |
Originally Posted by Dewey I've heard from different sources (all credible) that it was to be released this fall (which, it is fall), so I'm guessing it'll either be the end of this year, or possibly spring of 07 (more likely Spring of 07)? | They did have a huge delay because they had to refile. They were attempting to go for too many things at once, including only requiring the initial 10 hour calibration and no other fingersticks for anything. They then changed their mind and reapplied with lesser restrictions hoping to get it to the market sooner. Once they start selling, they are going to reapply to the FDA to gain the "no fingerstick double check for adjustment" section along with a few other items that they have research proof on.
I truely think we will see it by the end of this year.
__________________
●Blue Ash, Ohio Police Dispatcher
●Type 1 diabetic for 25 years (11 months old)
●Animas pumper since December of 2002
~IR 1000 (Dec. 2002-Jan. 2005)
~IR 1200 (Jan. 2005 - ?)
●LifeScan OneTouch UltraSmart Diabetes is an Art, NOT a Science. You must master the control by skills and not by knowledge alone. |
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