Abbott Agrees To Acquire Bigfoot Biomedical; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Abbott has agreed to acquire Bigfoot Biomedical, a company that develops smart insulin management systems for people with diabetes. The transaction is expected to close in the third quarter of 2023, but financial terms were not disclosed.
September 05, 2023 | 8:32 pm
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Abbott's acquisition of Bigfoot Biomedical could potentially strengthen its position in the diabetes management market. However, the financial impact is unclear as the terms were not disclosed.
The acquisition of Bigfoot Biomedical, a company that develops smart insulin management systems, could potentially enhance Abbott's product portfolio in the diabetes management market. This could lead to increased market share and revenues in the long term. However, the financial impact of the deal is uncertain as the terms were not disclosed.
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