Welcome!

News Feed Item

Retail Sales Poised For Growth With Launch Of UniStrip Generic Blood Glucose Test Strips

CHARLOTTE, N.C., April 16, 2014 /PRNewswire/ -- High manufacturer pricing for most branded diabetic testing products and the recent reduction in insurance reimbursement rates have coupled to reduce retailer and provider margins.  To provide retailers serving the more than 25 million Americans with diabetes with a new solution, UniStrip Technologies introduces its first generic blood glucose test strip for use in LifeScan's® OneTouch® Ultra family of meters.

Developed and tested over a period of years, and recently cleared by the FDA for use with four OneTouch® Ultra meters, the UniStrip1™ Test Strips provide retailers with an opportunity to expand their product line to people with diabetes who want a highly accurate test strip at an affordable price. Additionally, the new product offers retailers the ability to increase their margin in a product category while saving money for their patients. 

"Research shows that people with diabetes test less than their doctors recommend because of the high cost of test strips," said Rick Admani, President of UniStrip Technologies. "This is important since the average person with diabetes spends about eight times more per year on medications and medical supplies than people without diabetes. This includes about $2,000 to $2,500 per year on diabetes products and an additional equal amount on non-diabetes products."

UniStrip1™ gives diabetics the opportunity to comply with their doctor's orders without breaking their banks while driving them to their local pharmacy for new and secondary sales. Retailers and providers don't have to get a new meter for patients because the UniStrip1 test strip is compatible with the LifeScan® OneTouch® Ultra®, Ultra®2, UltraSmart® and UltraMini® meters.

Say Admani, "We created UniStrip1™ to fill a giant unmet need in our healthcare system. Our test strips are highly accurate, and cleared by the FDA to use with the LifeScan® OneTouch® Ultra meters that the patients already have. People with diabetes can test at the levels they're supposed to, and do so affordably.  

"In the end, the patient, retailer, insurer and home health provider win with our UniStrip1™."

Cost

Admani believes that many retailers will offer the UniStrip1™ Test Strip for sale at less than $15 SRP for a 50 count vial.  As one example of the market opportunity for the UniStrip1™ Test Strip, patients who have a $15 or $20 copay may opt to pay cash for the UniStrip1™ as it's the better value. 

One other advantage of UniStrip's offering that Admani points to is the much lower acquisition cost to the retailer.  The published acquisition cost of most of the branded test strips is about eight to ten times the acquisition cost of UniStrip1™. 

"Retailers and providers don't have to pay $50 or $60 per vial, collect a copay, collect an insurance payment, and also possibly have to wait for a manufacturer discount or rebate.  They can purchase UniStrip1™ and sell it at a profit without the investment and cost of the rebate system.  We have simplified the process and put more money in the retailer's pocket without a large acquisition cost and a long waiting period."

Clinical Study Results On Accuracy and Precision

UniStrip1™ met all FDA standards in a clinical study that compared UniStrip1™ Test Strips against the worldwide standard for blood glucose testing, when used with the LifeScan® OneTouch® Ultra®, Ultra®2, UltraSmart® and UltraMini® meters.

About UniStrip Technologies

Headquartered in Charlotte, NC, UniStrip Technologies, LLC is a high-tech glucose test strip company that distributes products under the UniStrip brand.  The company is led by Rick Admani and an executive management team with more than 20 years of healthcare experience.  All of the UniStrip test strips are manufactured by a state of the art research & development manufacturing partner, OK Biotech Co., Ltd of Taiwan, an established diabetes supply manufacturer with $70 million in assets and capacity to produce 90 million vials of test strips annually. For more information, please visit www.unistrip-tech.com.

UniStrip1™ test strips are a product of UniStrip Technologies, LLC and are not manufactured, distributed, endorsed, approved by, nor associated with LifeScan®, Inc., a Johnson & Johnson® Company, manufacturers and distributors of the OneTouch® Ultra® Family of Meters and OneTouch® Ultra® test strips.

SOURCE UniStrip Technologies

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and deve...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...