abbott's freestyle libre 2 technology: innovation that's ......pharmacies vs. freestyle...

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Due to Abbott's unique pricing approach, the world-leading FreeStyle Libre technology is significantly less expensive than other CGMs – enabling access for millions of people living with diabetes to better manage their health. LIVING WITH DIABETES IS EXPENSIVE $ 10 , 000 PER YEAR 1 AVERAGE COST CAN’T AFFORD IT 2 2 OUT OF 5 CHOOSE TO BUY FOOD OVER TREATMENT 4 1 IN 6 SKIP INSULIN DOSES DUE TO COSTS 3 1 IN 4 AND THE U.S. HEALTHCARE SYSTEM IS COMPLEX Multiple stakeholders are involved in the delivery of diabetes products. INSURANCE COMPANIES PHARMACY BENEFIT MANAGERS WHOLESALER PHARMACY MEDICAL DEVICE MAKERS DISTRIBUTORS Medical cost burdens are shifting to consumers through fast-growing, high-deductible or coinsurance plans. 5 The way medical device products are priced has a profound impact on the overall health system and most importantly, consumers. Today, people can better manage their diabetes with cutting-edge tools like Abbott’s FreeStyle Libre ® 2 system, a revolutionary integrated continuous glucose monitoring (iCGM) technology designed with accuracy, access and affordability, differentiating it from other CGMs. Nearly 3 million people use FreeStyle Libre in over 50 countries. 6 AFFORDABLE AND ACCURATE TECHNOLOGY TO BETTER MANAGE DIABETES Because of this trend, low list prices for diabetes technologies can mean low out- of-pocket costs so people can leave the pharmacy with their prescriptions filled. VISIT FREESTYLELIBRE.US FOR MORE INFORMATION. REFERENCES 1. American Diabetes Association. The Cost of Diabetes. https://www.diabetes.org/resources/statistics/cost-diabetes. 2. Caraballo C, Nasir K, et al. Burden and Consequences of Financial Hardship From Medical Bills Among Nonelderly Adults With Diabetes Mellitus in the United States. Circulation: Cardiovascular Quality and Outcomes. 2020. 3. Herkert D, et al. Cost-Related Insulin Underuse Among Patients With Diabetes. JAMA Internal Medicine. 2019. 4. Caraballo C, Nasir K, et al. Burden and Consequences of Financial Hardship From Medical Bills Among Nonelderly Adults With Diabetes Mellitus in the United States. Circulation: Cardiovascular Quality and Outcomes. 2020. 5. Centers for Disease Control and Prevention. National Center for Health Statistics. High-deductible Health Plan Enrollment Among Adults Aged 18–64 With Employment-based Insurance Coverage. https://www.cdc.gov/nchs/products/databriefs/db317.htm. 6. Data on file, Abbott Diabetes Care. 7. More features compared to other CGMs available today and priced the same as the FreeStyle Libre 14 day system. Based on a comparison of list prices of the FreeStyle Libre portfolio versus competitors' CGM systems. 8. FreeStyle Libre 2 User Guide. 9. Data on file. Abbott Diabetes Care, Inc. 10. Among leading CGM brands. Data on File, Abbott Diabetes Care. 11. Based on prescription claims for commercially insured patients using the FreeStyle Libre system. Does not include Medicare, Medicaid, and uninsured patients. The actual amount a patient pays may vary. 12. Based on prescription claims for commercial patients starting on competitor CGM systems. 13. Based on prescription claims for commercial patients starting FreeStyle Libre systems. INDICATIONS AND IMPORTANT SAFETY INFORMATION The FreeStyle Libre 2 Flash Glucose Monitoring System is a continuous glucose monitoring (CGM) device with real time alarms capability indicated for the management of diabetes in persons age 4 and older.* WARNINGS/LIMITATIONS The System must not be used with automated insulin dosing (AID) systems, including closed loop and insulin suspend systems. Remove the sensor before MRI, CT scan, X-ray, or diathermy treatment. Do not take high doses of vitamin C (more than 500 mg per day), as this may falsely raise your Sensor readings. Failure to use the System according to the instructions for use may result in missing a severe low blood glucose or high blood glucose event and/or making a treatment decision that may result in injury. If glucose alarms and readings from the System do not match symptoms or expectations, use a fingerstick blood glucose value to make diabetes treatment decisions. Seek medical attention when appropriate and contact Abbott Toll Free (855-632-8658) or visit *www.freestylelibre.us for detailed indications for use and safety information. *Please refer to www.freestylelibre.us for the indications and important safety information. ABBOTT’S FREESTYLE LIBRE 2 TECHNOLOGY: INNOVATION THAT’S ACCESSIBLE ABBOTT’S APPROACH IS TO MAKE OUR CGM TECHNOLOGY WIDELY ACCESSIBLE SO MORE PEOPLE WITH DIABETES CAN BENEFIT Priced 70% LESS 7 than other CGMs, which means lower out-of-pocket costs Easiest iCGM to apply 9 , optional REAL-TIME ALARMS for adults and children Only iCGM that measures glucose EVERY MINUTE with unsurpassed 14-day accuracy 8 LONGEST-LASTING, 10 self-applied iCGM sensor with up to 14 days of wear BEST-IN-CLASS FEATURES AT SAME AFFORDABLE PRICE Compared to previous versions of the FreeStyle Libre portfolio. LOWER PATIENT OUT-OF-POCKET (OOP) COSTS Other CGMs are up to 4x more likely to be abandoned at retail pharmacies vs. FreeStyle Libre systems 13 FreeStyle Libre 2 users pay as little as $ 0 per month in out-of-pocket costs 11 2 OUT OF 5 patients starting on other CGMs are asked to pay more than $150 at retail pharmacies 12

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Page 1: Abbott's FreeStyle Libre 2 Technology: Innovation That's ......pharmacies vs. FreeStyle Libre systems13 FreeStyle Libre 2 users pay as little as $0 per month in out-of-pocket costs11

Due to Abbott's unique pricing approach, the world-leading FreeStyle Libre technology is significantly less expensive than other CGMs – enabling access for millions of people living with diabetes to better manage their health.

LIVING WITH DIABETES IS EXPENSIVE

$ 10,000PER YEAR1

AVERAGE COST

CAN’T AFFORD IT 2

2 OUT OF 5

CHOOSE TO BUY FOOD OVER TREATMENT 4

1 IN 6

SKIP INSULIN DOSES DUE TO COSTS3

1 IN 4

AND THE U.S. HEALTHCARE SYSTEM IS COMPLEX

Multiple stakeholders are involved in the delivery of diabetes products. INSURANCE

COMPANIESPHARMACY BENEFIT

MANAGERS

WHOLESALER

PHARMACYMEDICAL DEVICE MAKERS

DISTRIBUTORS

Medical cost burdens are shifting to consumers through fast-growing, high-deductible or coinsurance plans.5

The way medical device products are priced has a profound impact on the overall health system and most importantly, consumers.

Today, people can better manage their diabetes with cutting-edge tools like Abbott’s FreeStyle Libre® 2 system, a revolutionary integrated continuous glucose monitoring (iCGM) technology designed with accuracy, access and affordability, differentiating it from other CGMs. Nearly 3 million people use FreeStyle Libre in over 50 countries.6

AFFORDABLE AND ACCURATE TECHNOLOGYTO BETTER MANAGE DIABETES

Because of this trend, low list prices for diabetes technologies can mean low out-of-pocket costs so people can leave the pharmacy with their prescriptions filled.

VISIT FREESTYLELIBRE.US FOR MORE INFORMATION.

REFERENCES1. American Diabetes Association. The Cost of Diabetes. https://www.diabetes.org/resources/statistics/cost-diabetes. 2. Caraballo C, Nasir K, et al. Burden and Consequences of Financial Hardship From Medical Bills Among Nonelderly Adults With Diabetes Mellitus in the United States. Circulation: Cardiovascular Quality and Outcomes. 2020. 3. Herkert D, et al. Cost-Related Insulin Underuse Among Patients With Diabetes. JAMA Internal Medicine. 2019. 4. Caraballo C, Nasir K, et al. Burden and Consequences of Financial Hardship From Medical Bills Among Nonelderly Adults With Diabetes Mellitus in the United States. Circulation: Cardiovascular Quality and Outcomes. 2020. 5. Centers for Disease Control and Prevention. National Center for Health Statistics. High-deductible Health Plan Enrollment Among Adults Aged 18–64 With Employment-based Insurance Coverage. https://www.cdc.gov/nchs/products/databriefs/db317.htm. 6. Data on file, Abbott Diabetes Care. 7. More features compared to other CGMs available today and priced the same as the FreeStyle Libre 14 day system. Based on a comparison of list prices of the FreeStyle Libre portfolio versus competitors' CGM systems. 8. FreeStyle Libre 2 User Guide. 9. Data on file. Abbott Diabetes Care, Inc. 10. Among leading CGM brands. Data on File, Abbott Diabetes Care. 11. Based on prescription claims for commercially insured patients using the FreeStyle Libre system. Does not include Medicare, Medicaid, and uninsured patients. The actual amount a patient pays may vary. 12. Based on prescription claims for commercial patients starting on competitor CGM systems. 13. Based on prescription claims for commercial patients starting FreeStyle Libre systems.

INDICATIONS AND IMPORTANT SAFET Y INFORMATIONThe FreeStyle Libre 2 Flash Glucose Monitoring System is a continuous glucose monitoring (CGM) device with real time alarms capability indicated for the management of diabetes in persons age 4 and older.*

WARNINGS/LIMITATIONSThe System must not be used with automated insulin dosing (AID) systems, including closed loop and insulin suspend systems. Remove the sensor before MRI, CT scan, X-ray, or diathermy treatment. Do not take high doses of vitamin C (more than 500 mg per day), as this may falsely raise your Sensor readings. Failure to use the System according to the instructions for use may result in missing a severe low blood glucose or high blood glucose event and/or making a treatment decision that may result in injury. If glucose alarms and readings from the System do not match symptoms or expectations, use a fingerstick blood glucose value to make diabetes treatment decisions. Seek medical attention when appropriate and contact Abbott Toll Free (855-632-8658) or visit *www.freestylelibre.us for detailed indications for use and safety information.

*Please refer to www.freestylelibre.us for the indications and important safety information.

ABBOTT’S FREESTYLE LIBRE 2 TECHNOLOGY: INNOVATION THAT’S ACCESSIBLE

ABBOTT’S APPROACH IS TO MAKE OUR CGM TECHNOLOGY WIDELY ACCESSIBLE SO MORE

PEOPLE WITH DIABETES CAN BENEFIT

Priced 70% LESS7than other CGMs, which means lower out-of-pocket costs

Easiest iCGM to apply9, optional

REAL-TIME ALARMS for adults and children

Only iCGM that measures glucose

EVERY MINUTE with unsurpassed 14-day accuracy8

LONGEST-LASTING,10 self-applied iCGM sensor with up to 14 days of wear

BEST-IN-CLASS FEATURES AT SAME AFFORDABLE PRICE

Compared to previous versions of the FreeStyle Libre portfolio.

LOWER PATIENT OUT-OF-POCKET (OOP) COSTS

Other CGMs are up to

4x more likely to be

abandoned at retail pharmacies vs. FreeStyle

Libre systems13

FreeStyle Libre 2 users pay as little as

$0

per month in out-of-pocket costs11

2OUT OF5patients starting

on other CGMs are asked to pay more

than $150 at retail pharmacies12