Didn’t realize there were so many players in the market. Still, I’ll continue to average down my losses by purchasing more shares at $0.03 and the hope of selling some shares when it hits $12.50/share.
COMPETITION ANALYSIS
Competitive analysis and profiles of the major players in the pet diabetes care devices, such as AccuBioTech Co., Ltd., Allison Medical Inc., ALR Technologies Inc., Becton, Dickinson and Company, MED Trust, Merck Animal Health, TaiDoc, UltiMed, Inc., Zoetis, i-SENS, Inc. are provided in this report. There are some important players in the market such as AccuBioTech Co., Ltd., Allison Medical Inc., ALR Technologies Inc., Becton, Dickinson and Company. Various players have adopted strategies like partnership, and acquisition as key developmental strategies to improve the product portfolio of the pet diabetes care devices market.
Partnership in the market
In June 2022, ALRT, the diabetes management company, announced the completion of a definitive manufacturing agreement with Infinovo Medical Co. Ltd. to manufacture and supply the Continuous Glucose Monitor (“CGM”) hardware that is utilized as a part of the ALRT GluCurve Pet CGM. This agreement gives ALRT the exclusive global rights to distribute the Infinovo CGM hardware for the animal health market, providing long-term production and supply.
In December 2022, ALRT, the diabetes management company, announced its co-branded distribution agreement with Covetrus, Inc., a global leader in animal-health technology and services, for ALRT's GluCurve Pet CGM, a continuous glucose monitoring (“CGM”) system for diabetic cats and dogs.
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