Non-invasive medical diagnostics company Know Labs Inc (OTCMKTS:KNWN) saw its stock suffering from a bit of a selloff on Thursday and eventually the stock ended the day with a decline of as much as 5%.
It should be noted that there was no news about the company on Thursday but at the same time it is necessary to point out that back on September 22 Know Labs had actually made a key announcement. On the day, the company introduced its new product KnowU, which is a portable glucose monitoring device. The device deploys the non-invasive diagnostics technology named Bio-FRID that has been created by Know Labs.
It goes without saying that the introduction of the new product was a significant development for the company due to the very nature of the product. KnowU is going to help in monitoring glucose on demand and on the go.
That is the sort of thing that could prove to be particularly useful for most people who need to monitor their glucose levels regularly. More than 90% of the global diabetic population can use the product and check their glucose levels several times per day as and when they feel like.
