Eli Lilly (NYSE:LLY)
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By Dave Sebastian
Eli Lilly & Co. (LLY) said it has struck an agreement with DexCom Inc. (DXCM) to use Dexcom products in Lilly's currently developed personalized diabetes management system.
Under the non-exclusive agreement, Lilly said Monday it would use Dexcom's continuous glucose monitoring devices in both the pen- and pump-based platforms of the system.
The pen-based platform aims to integrate personalized data from a prefiled, disposable insulin pen with data from glucose-sensing technologies into a compatible software application, Lilly said.
Lilly said the pump-based platform is a hybrid-closed-loop system that would automate insulin dosing by integrating an insulin pump, continuous glucose monitor and a handheld controller or smartphone application that controls the system.
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(END) Dow Jones Newswires
December 16, 2019 07:12 ET (12:12 GMT)
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