Oct 21 (Reuters) - Walmart ( WMT ) will become the first
U.S. retailer to sell Abbott Laboratories' ( ABT )
over-the-counter continuous glucose monitor Lingo in physical
stores, an Abbott spokesperson said on Tuesday.
Abbott's device, which was previously available only at
HelloLingo.com and Amazon, will now be sold in Walmart's ( WMT ) 3,500
stores across the U.S.
Continuous glucose monitor makers such as Abbott, Dexcom ( DXCM )
and Medtronic ( MDT ) are riding a surge in demand as
diabetes awareness rises, insurance coverage expands and
patients embrace finger-prick-free technology.
Lingo has a small, flexible sensor inserted just under the
skin, usually on the back of the upper arm. The sensor measures
glucose levels every few minutes.
The two-week pack with one sensor costs $48.97 at Walmart ( WMT ),
including access to the Lingo app, which is available only for
iPhone now.
Abbott launched Lingo last year, targeting consumers who
want to better understand their health, while its other lineup,
FreeStyle Libre, is for people with diabetes and is mostly
available on prescription basis.
In the third quarter, sales of Abbott's continuous glucose
monitors grew 20.5% to $2.0 billion.
Axios first reported the development earlier in the day.