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Bayer Signs Letter of Intent to Market Trinity’s Glucose Monitor in China and India

publication date: Feb 9, 2024

Bayer, a German Life Science company, signed a non-binding Letter of Intent to market a Continuous Glucose Monitoring (CGM) biosensor device owned by Ireland’s Trinity Biotech in China and India. Bayer already has a presence in China’s diabetes market, and the Joint Partnership will allow the company to launch a low cost, high quality, CGM device for monitoring glucose levels in diabetes patients. Both parties intend to negotiate a definitive agreement in the next few months and to form a similar pact for a CGM device in India. Ten days ago, Trinity acquired the CGM assets of Oregon’s Waveform Technologies. More details....

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