From Jared Watkin - Freestyle Libre (Vienna, EASD 2014) · · AlessandroCecconi
“In these days of constrained healthcare costs we have to provide evidence that a product such as Libre delivers a benefit in terms of health at a cost position that is affordable — we are running two randomized controlled trials to generate outcome data to support reimbursement positions in Europe and the rest of the world.”
On , Jared Watkin, Executive Vice President of Diabetes Care at Abbott Laboratories, spoke about health economics during Jared Watkin - Freestyle Libre (Vienna, EASD 2014) on AlessandroCecconi.
In a 2014 presentation at the European Association for the Study of Diabetes meeting in Vienna, Jared Watkin, then Divisional Vice President of Technical Operations for Abbott Diabetes Care, discussed the company's FreeStyle Libre flash glucose monitoring system. Watkin stated that the product was designed as an alternative to blood glucose monitoring, describing it as a 14-day, factory-calibrated sensor that does not require finger-stick calibrations. He noted that the system achieved a MARD of 11.4% and that 99.7% of results fell within zones A and B of the consensus error grid. Watkin attributed the system's factory calibration capability to Abbott's "wired enzyme" chemistry, which he said allows for stable sensor performance. He acknowledged that worldwide CGM penetration was less than 5%, citing cost, lack of reimbursement, and data interpretation challenges as factors. Watkin added that Abbott was conducting randomized controlled trials to generate outcome data to support reimbursement positions.