Abbott Acquires Bigfoot Biomedical
September 5, 2023
Abbott has entered a definitive agreement to acquire Bigfoot Biomedical, a developer of smart insulin management systems that integrate continuous glucose monitoring with connected insulin pen caps and a cloud-based provider portal. The acquisition will combine Abbott’s FreeStyle Libre CGM technology with Bigfoot’s dosing-capable pen cap platform to further develop personalized, connected diabetes care solutions; the deal is expected to close in Q3 2023 and financial terms were not disclosed.
- Buyers
- Abbott
- Targets
- Bigfoot Biomedical
- Industry
- Medical Devices
- Location
- California, United States
- Transaction Type
- Buyout
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