Re:Know Labs unveils glucose monitor that swaps fingersticks...
by monkey88 on Thursday September 23, 2021 @10:11PM
(#28637909)
Can't wait until it is bought by an existing company and then discarded, like its previous competitors.
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Re:Know Labs unveils glucose monitor that swaps fingersticks...
by KMnO4 on Thursday September 23, 2021 @10:16PM
(#28637938)
Test strips are $1 x 5 times per day x 30M diabetic Americans.
How can this even compete? You can’t sell RF “per-use”.
Re:Know Labs unveils glucose monitor that swaps fingersticks...
by max-ibel on Thursday September 23, 2021 @10:33PM
(#28638018)
CVS sells their strips at $0.20 once you buy 200+. I'm sure you can get lower.
And why shouldn't this compete ? Their costs will be lower than test strips, their profits could be very significant.
They probably monetize with the device itself and then a monthly subscription for their tracking portal. Sounds quite reasonable to me. As a patient, I'd love it.
Edit: As a startup, it's not your job to match existing offerings - it's to disrupt. Ask Space-X, they can't compete with Boeing either ;)