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Roche Holding's (RHHBY) Accu-Chek SmartGuide Receives CE Mark
RocheRoche(US:RHHBY) ZACKSยท2024-07-12 17:11

Company Overview - Roche Holding has received FDA clearance for its Vabysmo 6.0 mg single-dose prefilled syringe, which is used to treat neovascular age-related macular degeneration, diabetic macular edema, and macular edema following retinal vein occlusion. Vabysmo is the first bispecific antibody approved for eye treatment, showing significant vision improvements [5] - The Accu-Chek SmartGuide continuous glucose monitoring (CGM) solution has received CE Mark approval, allowing it to be available for type 1 and type 2 diabetic patients over 18 years old on flexible insulin therapy [17] Product Details - The Accu-Chek SmartGuide CGM solution provides real-time glucose readings for 14 days, sending data to the Accu-Chek SmartGuide app every five minutes. It includes predictive algorithms to forecast glucose levels and identify potential hypoglycemia risks [3][8] - The solution consists of three components: the Accu-Chek SmartGuide CGM sensor, the Accu-Chek SmartGuide App, and the Accu-Chek SmartGuide Predict App, designed to enhance diabetes management [3] Market Insights - The global digital diabetes management market was valued at $18.9 billion in 2023 and is projected to grow to $35.8 billion by 2028, reflecting a compound annual growth rate (CAGR) of 13.6% [4] - The market is driven by advancements in diabetes care solutions, the increasing use of connected devices and apps, and the growing adoption of cloud-based solutions [21] Industry Prospects - The Accu-Chek SmartGuide CGM solution aims to address critical unmet needs in diabetes management, particularly concerning nighttime hypoglycemia and enabling proactive health management [18][19] - The integration of the Accu-Chek SmartGuide with the Accu-Chek Care platform allows healthcare professionals to access comprehensive therapy-relevant data, facilitating better patient care [20]