Ascensia partners with CGM maker

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Wednesday, January 9, 2019

BASEL, Switzerland – Ascensia Diabetes Care is partnering with Zhejiang POCTech, Co., a manufacturer of continuous glucose monitoring systems, to serve as its exclusive distributor in 13 markets. As part of the agreement, Ascensia will commercialize a version of POCTech’s current CGM in these areas and will begin distributing product in the second half of 2019, according to a press release. The two companies have also entered into a development agreement to co-develop next generation products that build on POCTech’s existing technology. “This partnership will enable us to bring an approved CGM product to selected markets in 2019 and at the same time create novel CGM systems that build on POCTech’s existing technology to address some of the unmet needs of people with diabetes,” said Michael Kloss, CEO, Ascensia Diabetes Care.