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ZELTIQ Aesthetics Announces Fourth Quarter and Full Year 2011 Financial Results

Posted: March 6, 2012 at 2:09 pm

Fourth Quarter Highlights

PLEASANTON, Calif., March 6, 2012 (GLOBE NEWSWIRE) -- ZELTIQ Aesthetics, Inc. (Nasdaq:ZLTQ - News) today announced financial results for the fourth quarter and full year ended December 31, 2011, and provided guidance for 2012.

President and Chief Executive Officer Gordie Nye said, "Our fourth quarter results complete an exciting year for ZELTIQ. We achieved 168% revenue growth for the full year 2011 and expanded our installed base to 967 systems worldwide, demonstrating strong demand for CoolSculpting. Our sales force and S.T.E.P. specialists are committed to enhancing each practice's branding and marketing to drive utilization. The robust growth observed in consumer interest and the resulting utilization of our installed base is reflected in our year-over-year and sequential growth of procedure fees during the fourth quarter. We will continue to focus on expanding our installed base to achieve critical mass while driving procedure fee growth as a percentage of total revenues to enhance gross margins. With the completion of our October 2011 IPO, we are now strongly positioned to execute our sales, marketing, and pipeline strategies, including the initiation of direct to consumer advertising to achieve category-pioneering and industry-leading growth."

"In February of 2012, we launched our consumer advertising campaign 'Let's Get Naked' in three initial markets: Austin, Charlotte and Phoenix. With its emphasis on CoolSculpting's positive effect on one's self confidence, 'Let's Get Naked' celebrates our technology's unique aspects with an impactful call-to-action. As we roll out the campaign on a broader basis in the fall of 2012, we expect it to generate strong brand awareness and loyalty, leading to more rapid growth in consumer interest and further utilization of our installed base. We continue to see early evidence that cold-induced, non-surgical fat layer reduction has broad appeal to the large aesthetic neophyte population and expect the power of this advertising campaign to help establish the CoolSculpting brand around the world."

"During the fourth quarter, we initiated our transition to direct sales in certain international markets, which delayed certain system sales in these markets. Additionally, in our NAF region, we observed a slower than normal end of year sales cycle due to a number of unanticipated product launches and trial offers that competed for physician capital equipment dollars. We expect these issues to work through the sales channel over time, and we have strengthened the focus and organization of our sales team to help neutralize these effects."

Fourth Quarter Financial Review

Total net revenues for the fourth quarter of 2011 were $18.8 million, consisting of $11.3 million of systems revenues and $7.5 million of procedure fees revenues. This compares to total net revenues of $12.4 million, consisting of $10.1 million of systems revenues and $2.3 million of procedure fees revenues in the fourth quarter of 2010. Third quarter 2011 revenues were $17.7 million, consisting of $13.2 million of systems revenues and $4.5 million of procedure fees revenues. Cycles shipped increased to 60,250 in the fourth quarter of 2011, compared to 23,357 in the fourth quarter of 2010 and 44,619 in the third quarter of 2011, driving procedure fees revenue growth on both a year-over-year and sequential basis.

Gross profit was $12.3 million, or 65.6% of revenues, in the fourth quarter of 2011, compared to gross profit of $6.5 million, or 52.6% of revenues in the fourth quarter of 2010. Third quarter 2011 gross profit was $10.4 million, or 58.9% of revenues. Both year-over-year and sequential increases in gross profit were driven by an increase in procedure fees revenues as a percentage of total revenues, as well as a decrease in the per unit manufacturing cost of systems.

Operating expenses for the fourth quarter of 2011 were $17.3 million, compared to $8.4 million in the fourth quarter of 2010 and $13.2 million in the third quarter of 2011. Both year-over-year and sequential increases were primarily the result of growth of our North American direct sales force, costs to develop advertising assets, collateral for practice marketing initiatives, and increased research and development costs.

Net loss for the fourth quarter of 2011 was $5.4 million, compared to $2.0 million in the fourth quarter of 2010 and $2.9 million in the third quarter of 2011. Net loss attributable to common stockholders for the fourth quarter of 2011 was $0.22 per share, compared to $3.29 per share in the fourth quarter of 2010, and $3.17 per share in the third quarter of 2011.

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ZELTIQ Aesthetics Announces Fourth Quarter and Full Year 2011 Financial Results

Wellspring at Structure House Appoints Thomas Britton as Executive Director

Posted: March 6, 2012 at 2:09 pm

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Posted March 6, 2012

DURHAM, NC -- Wellspring at Structure House, a residential program for weight loss and lifestyle change, has announced the hiring of Thomas Britton, DrPH (ABD), MA, LPC, LCAS, CCS, ACS, as Executive Director. Britton's first day was February 21, 2012.

"We are very pleased to welcome Thomas to the Wellspring at Structure House team," said Candance Henderson-Grice, MS, President of the Weight Management and Eating Disorder Division for Wellspring at Structure House's parent company, CRC Health Group. "Thomas' extensive work experience will be of great benefit as he leads Wellspring at Structure House into a new era."

Britton's involvement in the behavioral health field spans more than 20 years. Most recently, he was Western Regional Director for a comprehensive provider of substance abuse and dual diagnosis treatment for adults and adolescents in North Carolina. In this role, Britton managed the daily clinical and administrative operations for the multi-site facility, and was instrumental in the achievement of accreditation from the Commission of Accreditation for Rehabilitation Facilities (CARF). Prior to this, Britton served as the director of a 42-day residential substance abuse unit providing counseling services to adults and adolescents experiencing addiction and mental health issues. Britton also spent five years as a therapist, and has held positions as program director, teaching parent and peer educator. Throughout his professional career, he has held the belief that "all people hold the innate potential to improve their life and the lives of those around them."

As Executive Director, Britton will be responsible for the overall direction and management of Wellspring at Structure House, a comprehensive weight management program that has recently undergone a merging of two like-minded, world-renowned and scientifically-based weight loss solutions, Wellspring and Structure House. This new Wellspring at Structure House program approaches the mind, body and spirit by reinforcing cognitive therapeutic solutions to weight loss issues. Updated options include culinary experiences with professional chefs, more than 50 exercise classes, spa treatments and clinical therapies to help clients master the proven steps for living a healthy lifestyle with sustainable results that do not end when they return home. The program can be booked for a week at a time -- "weight-loss vacations" -- but program clinicians do suggest a minimum of a four-week stay for optimal results.

When asked what attracted him to Wellspring at Structure House, Britton remarked, "Wellspring at Structure House has a long history of teaching participants new skills and helping to identify what perpetuates the behaviors driving obesity. True change requires a deep exploration and resolution of old patterns of thinking and behavior. Insight, however, is not enough alone to create change. One needs to learn the skills and information necessary to act on the insights learned through therapeutic activities. I am excited to apply my experience as a leader and clinician to the ongoing evolution of clinical excellence at Structure House."

Britton is near completion of his PhD (awaiting board decision) in Public Health and Executive Management from the University of North Carolina at Chapel Hill's Gillings School of Public Health, and earned his MA in Community Counseling (double masters in Addictions and Marriage and Family Therapy) from Appalachian State University, and a BA in Sociology and Psychology from the University of Connecticut. He has taught extensive interdisciplinary training on a variety of topics through continuing education classes throughout the country, and maintains several licensures and certifications, including Licensed Professional Counselor, Licensed Clinical Addictions Specialist, Clinically Certified Supervisor (Addictions), and Approved Clinical Supervisor (Mental Health). Britton is a 2009 North Carolina Substance Abuse Delegate and received the 2009 Curtis Glenn Southard Award in Community Mental Health Scholarship. In 2008, he was chosen to take part in the Governor's Institute in Mental Health Leadership. Britton is a Board Member and Treasurer of the Mountain Counsel on Drug and Alcohol Dependence, and was one of its founders. He is an accomplished public speaker and author with several professional publications and presentations.

"As Executive Director of Wellspring at Structure House, I am most excited by our potential to expand our services to support more individuals struggling with weight management," said Britton. "I am excited to be a part of a new beginning at Structure House that capitalizes on the success of our past and the potential of our future. Very few individuals are provided with an opportunity to be a part of such an incredible program and I consider myself extremely fortunate."

About Wellspring at Structure House Wellspring at Structure House, an internationally recognized residential weight loss center in Durham, N.C., offers a unique, behavioral approach to weight loss and healthy lifestyle change. The program, recognized by Health magazine as "America's Healthiest Diet," integrates principles of nutrition and exercise with psychology in a treatment approach designed to transform the eating habits and lifestyles of overweight individuals. Since 1977, Structure House has helped more than 30,000 people from all 50 states and 35 nations battling obesity. The name Structure House underscores the critical role structure plays in achieving long-term weight loss.

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Wellspring at Structure House Appoints Thomas Britton as Executive Director

Wellspring at Structure House Announces New Executive Director, Thomas Britton

Posted: March 6, 2012 at 2:09 pm

DURHAM, NC--(Marketwire -03/06/12)- Wellspring at Structure House, a residential program for weight loss and lifestyle change, has announced the hiring of Thomas Britton, DrPH (ABD), MA, LPC, LCAS, CCS, ACS, as Executive Director. Britton's first day was February 21, 2012.

"We are very pleased to welcome Thomas to the Wellspring at Structure House team," said Candance Henderson-Grice, MS, President of the Weight Management and Eating Disorder Division for Wellspring at Structure House's parent company, CRC Health Group. "Thomas' extensive work experience will be of great benefit as he leads Wellspring at Structure House into a new era."

Britton's involvement in the behavioral health field spans more than 20 years. Most recently, he was Western Regional Director for a comprehensive provider of substance abuse and dual diagnosis treatment for adults and adolescents in North Carolina. In this role, Britton managed the daily clinical and administrative operations for the multi-site facility, and was instrumental in the achievement of accreditation from the Commission of Accreditation for Rehabilitation Facilities (CARF). Prior to this, Britton served as the director of a 42-day residential substance abuse unit providing counseling services to adults and adolescents experiencing addiction and mental health issues. Britton also spent five years as a therapist, and has held positions as program director, teaching parent and peer educator. Throughout his professional career, he has held the belief that "all people hold the innate potential to improve their life and the lives of those around them."

As Executive Director, Britton will be responsible for the overall direction and management of Wellspring at Structure House, a comprehensive weight management program that has recently undergone a merging of two like-minded, world-renowned and scientifically-based weight loss solutions, Wellspring and Structure House. This new Wellspring at Structure House program approaches the mind, body and spirit by reinforcing cognitive therapeutic solutions to weight loss issues. Updated options include culinary experiences with professional chefs, more than 50 exercise classes, spa treatments and clinical therapies to help clients master the proven steps for living a healthy lifestyle with sustainable results that do not end when they return home. The program can be booked for a week at a time -- "weight-loss vacations" -- but program clinicians do suggest a minimum of a four-week stay for optimal results.

When asked what attracted him to Wellspring at Structure House, Britton remarked, "Wellspring at Structure House has a long history of teaching participants new skills and helping to identify what perpetuates the behaviors driving obesity. True change requires a deep exploration and resolution of old patterns of thinking and behavior. Insight, however, is not enough alone to create change. One needs to learn the skills and information necessary to act on the insights learned through therapeutic activities. I am excited to apply my experience as a leader and clinician to the ongoing evolution of clinical excellence at Structure House."

Britton is near completion of his PhD (awaiting board decision) in Public Health and Executive Management from the University of North Carolina at Chapel Hill's Gillings School of Public Health, and earned his MA in Community Counseling (double masters in Addictions and Marriage and Family Therapy) from Appalachian State University, and a BA in Sociology and Psychology from the University of Connecticut. He has taught extensive interdisciplinary training on a variety of topics through continuing education classes throughout the country, and maintains several licensures and certifications, including Licensed Professional Counselor, Licensed Clinical Addictions Specialist, Clinically Certified Supervisor (Addictions), and Approved Clinical Supervisor (Mental Health). Britton is a 2009 North Carolina Substance Abuse Delegate and received the 2009 Curtis Glenn Southard Award in Community Mental Health Scholarship. In 2008, he was chosen to take part in the Governor's Institute in Mental Health Leadership. Britton is a Board Member and Treasurer of the Mountain Counsel on Drug and Alcohol Dependence, and was one of its founders. He is an accomplished public speaker and author with several professional publications and presentations.

"As Executive Director of Wellspring at Structure House, I am most excited by our potential to expand our services to support more individuals struggling with weight management," said Britton. "I am excited to be a part of a new beginning at Structure House that capitalizes on the success of our past and the potential of our future. Very few individuals are provided with an opportunity to be a part of such an incredible program and I consider myself extremely fortunate."

About Wellspring at Structure HouseWellspring at Structure House, an internationally recognized residential weight loss center in Durham, N.C., offers a unique, behavioral approach to weight loss and healthy lifestyle change. The program, recognized by Health magazine as "America's Healthiest Diet," integrates principles of nutrition and exercise with psychology in a treatment approach designed to transform the eating habits and lifestyles of overweight individuals. Since 1977, Structure House has helped more than 30,000 people from all 50 states and 35 nations battling obesity. The name Structure House underscores the critical role structure plays in achieving long-term weight loss.

Gerard J. Musante, PhD, one of the nation's leading experts on obesity and weight loss, is the founder and director of Wellspring at Structure House. A renowned clinical psychologist, Dr. Musante was the first person to adapt the principles of behavior modification to the eating habits of significantly overweight people and food abusers. Dr. Musante is the author of The Structure House Weight Loss Plan. For more information, visit http://structurehouse.crchealth.com.

About CRC Health GroupWellspring at Structure House is a member of CRC Health Group, the most comprehensive network of specialized behavioral care services in the nation. CRC Health Group offers the largest array of personalized treatment options, allowing individuals, families, and professionals to choose the most appropriate treatment setting for their behavioral, addiction, weight management and therapeutic education needs. CRC is committed to making its services widely and easily available, while maintaining a passion for delivering advanced treatment. Since 1995, CRC programs have helped individuals and families reclaim and enrich their lives.

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Wellspring at Structure House Announces New Executive Director, Thomas Britton

Manitoba weight-loss surgery program's future uncertain

Posted: March 6, 2012 at 2:09 pm

More than 1,000 obese Manitobans are waiting to see if the provincial government will approve a weight-loss surgery program that could save their lives.

A total of 110 patients, all women, have undergone bariatric surgery as part of pilot program Manitoba Health has funded since late 2010.

But the program's future is uncertain, as the province is in the process of reviewing it.

Dr. Chris Andrew, who heads up the pilot program unit, said he believes that bariatric surgeries must become more accessible.

"In the private system, the bottom line is that a lot of people couldn't do that simply for financial reasons," he told CBC News.

"We're doing the surgery as a treatment for patients, not just to lose weight and look better, but to help with conditions associated with obesity like diabetes [and] hypertension."

Private clinics offered weight-loss procedures in the beginning, but the costs were out of reach for many people, he said.

The Manitoba Health pilot program offered two types of bariatric procedures:

Gastric bypass surgery, which reduces the size of one's stomach and changes how the stomach and small intestine handle food.

Vertical sleeve gastrectomy, in which the stomach alone is reduced in size.

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Manitoba weight-loss surgery program's future uncertain

NutriSystem plunges on loss, outlook

Posted: March 6, 2012 at 2:09 pm

Drops Despite Higher Revenues

The weight-loss company reported a fourth-quarter loss of $0.04 EPS, twice as bad as analysts had feared. Guidance was also weak despite revenue beating expectations. That's hitting NTRI hard, sending the stock down nearly 12 percent before the bell on my tradeMONSTER's extended-hours platform.

Monster Worldwide Hires Advisers

The online employment service announced that it has retained Stone Key Partners and Bank of America / Merrill Lynch as financial advisers in a review of strategic alternatives. It had previously announced the plan last Thursday. MWW is up about 7.5 percent in the pre-market as traders seem to approve of the initiative.

PAA Down on New Public Offering

Plains All American Pipeline is striking while the iron is hot, tapping the equity market for capital after a big run earlier this year. The oil and natural-gas distributor plans sell 5 million units and will use proceeds to fund the acquisition of BP Canada Energy and to pay down debt. PAA is down more than 3 percent this morning.

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NutriSystem plunges on loss, outlook

Choice condemns expanding diet industry

Posted: March 6, 2012 at 2:08 pm

Something to chew on: most of the 1000-plus weight loss products on the market are scams, leading health experts warn. Source: Supplied

DODGY diet clinics are using aggressive tactics and bizarre advice to heavy customers into signing up, according to claims by consumer watchdog Choice.

Some operators in the ballooning $792 million industry seem so desperate to fatten profits they risk compromising people's health, according to medical experts.

Choice's team of three shopping sleuths each visited four Sydney sites and reported back on consultants from Weight Watchers, Jenny Craig and two other companies to test the claims.

Have you been duped by a diet scam? Tell us below

General practitioner Sam Hay blasted one clinic, which sold a rapid fat-loss program and told a woman "not to bother with exercise" and used the term "obesity syndrome", as bordering on "irresponsible".

Another clinic gave advice that alarmed Dr Hay, and in one case may have misdiagnosed thyroid and adrenal problems.

A Weight Watchers Lifestyle centre's "hard sell" allegedly failed to check medication or medical problems and lacked exercise emphasis.

However, Jenny Craig fared well in addressing health concerns and clearly outlining costs.

"While our experts didn't agree with all the advice given by Jenny Craig, they were impressed by the clarity of information, the care taken to find out the person's medical history and the absence of aggressive sales tactics," Choice spokeswoman Ingrid Just said.

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Choice condemns expanding diet industry

Could eating more cheese and milk make you brainier?

Posted: March 6, 2012 at 9:27 am

By John Naish

Last updated at 9:00 AM on 6th March 2012

Those who regularly consumed dairy performed better on tests of mental ability than their peers

Are you feeding your brain the right kind of fatty diet? Dairy products such as cheese and milk are among the most reviled of foods, with many experts saying their links to heart disease and obesity mean we should shun them when possible.

But new research has caused controversy by suggesting that, in fact, dairy food could be essential for a healthy brain.

The study, by U.S. and Australian researchers, involving 1,000 adults, found those who regularly have dairy products such as milk, cheese and yoghurt score better on tests of mental ability than people who never, or rarely, consume dairy.

Although the research, published in the International Dairy Journal, needs following-up, as it did not conclusively establish the link between dairy and fatty diets and brain power, it highlights an intriguing line of research.

It follows another U.S. study, involving 104 pensioners, where scientists found older people with higher levels of beneficial fats in their blood had less brain shrinkage typical of Alzheimers disease. These beneficial fats omega-3 essential fats are found in foods such as oily fish. The research, published in Neurology, the journal of the American Academy of Neurology, is key, as it measured the levels of different fats in peoples blood, rather than simply relying on their reports of what they tended regularly to eat.

Its now well established from brain-tissue studies that our mental functions depend heavily on a good supply of fat.

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Could eating more cheese and milk make you brainier?

SHAWCing Tips: Be Mindful and STOP Before You Eat

Posted: March 6, 2012 at 9:27 am

Published on March 6, 2012 Filed under Campus News

Are you sick of diets that dont work? Counting calories, restricting sweets, or only eating certain food groups only to end up back at square one? Are you searching for a new diet that will finally bring you closer to the ideal weight youve been striving to reach? The fact is, diets dont work. According to the New York Daily News, 95 percent of those on diets report regaining the initial weight loss or more.

Next time you feel the urge to diet, try this before you eat.

STOP: Select a food item, Taste it, Observe the details of the food, and Pause to reflect on the experience. These are the basic steps behind Mindful Eating. Mindful Eating is the act of giving full nonjudgmental attention to the food you are eating. Most of us are used to eating mindlessly: on the go, in front of the TV or while biking to class. When we eat with these distractions we dont pay attention to what were eating, often causing us to overeat. By focusing on the details of the food you can train yourself to eat based on your bodys natural cues of hunger and fullness, kind of like we did when we were babies. Mindful eating can help you to improve your relationship with food, maintain a steady weight, and remove feelings of shame from eating. So next time you sit down to a meal or have a snack, practice STOPping to help you become a mindful eater.

The ASUCD Student Health and Wellness Committee (SHAWC) aims to promote and address important health-related issues on campus. We serve as a liaison between ASUCD and campus health organizations, clubs and resources. If you have SHAWCing suggestions, questions or tips, please e-mail us at shawcucd@gmail.com and Like us on our Facebook page!

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SHAWCing Tips: Be Mindful and STOP Before You Eat

Consumer Group Claims Coke, Pepsi Contain Carcinogens

Posted: March 6, 2012 at 9:27 am

By Bill Tomson, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Testing shows that levels of a carcinogen linked to the caramel coloring chemical in Coca-Cola and Pepsi-Cola are too high and threaten consumers, the group Center for Science in the Public Interest said Monday.

Coca-Cola Co. (KO) and PepsiCo Inc. (PEP) are exposing consumers to a chemical that has caused cancer in rodents, the group CSPI said, but the companies were quick to object through a statement issued by the industry group American Beverage Association.

"This is nothing more than CSPI scare tactics, and their claims are outrageous," the association said.

Coke and Diet Coke had between 103 an 146 micrograms of the chemical 4- methylimidazole, or 4-MI, in each 12-ounce can, according to the tests that the group CSPI said it commissioned. The range was 145 to 153 micrograms for Pepsi and Diet Pepsi.

CSPI said those levels far exceeded what can be safely consumed and compared the results to the maximum safety level set by California of 29 micrograms.

But California, the American Beverage Association responded, "added 4-MI to its list of carcinogens with no studies showing that it causes cancer in humans."

The Food and Drug Administration is now "working with manufacturers to determine the actual usage of these caramel colors and the amount of 4-MI found in colas and other food products," a spokesman said Monday.

Based on the science available so far from studies, the FDA spokesman said, "a consumer would have to consume well over a thousand cans of soda a day to reach the doses administered in the studies that have shown links to cancer in rodents."

CSPI said it was told by Pepsi that the company has switched to a new coloring in California that contains less of the 4-MI chemical and "plans to do the same in the rest of the country."

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Consumer Group Claims Coke, Pepsi Contain Carcinogens

What is the right diabetic diet for me?

Posted: March 6, 2012 at 9:27 am

(MENAFN - Arab News) The diabetic diet is not a specific diet, but a set of eating guidelines designed to help diabetics manage their insulin levels and blood sugar. Different doctors recommend varying types of diabetic diets, but some aspects of the diet are consistent across a wide range of different plans.

The diabetic diet is not a specific diet, but a set of eating guidelines designed to help diabetics manage their insulin levels and blood sugar. Different doctors recommend varying types of diabetic diets, but some aspects of the diet are consistent across a wide range of different plans.

The goal of the diabetic diet is to customize carb intake to the individual, and to manage insulin levels as much as possible without the use of insulin injections. Another goal is to attain the ABCs of diabetes. The A stands for the A1c or hemoglobin A1c test, which measures average blood sugar over the previous three months. B is for blood pressure, and C is for cholesterol. People with diabetes should attain as near as normal blood sugar control (HbA1c), blood pressure, and healthy cholesterol levels.

Kinds of diabetic diets

There is a handful of ways to keep track of your carb intake. Before you start a diabetes diet, get the facts. Many people believe that having diabetes means you must avoid sugar and carbs at all cost and prepare special diabetic meals apart from the family's meals. Not true! Most individuals with diabetes can continue to enjoy their favorite foods, including desserts, as long as they monitor the calories, carbs, and other key dietary components and keep a regular check on their blood glucose levels. The following are the two main kinds of diabetic diets:

1. The glycemic index (GI): This is a ranking that attempts to measure the influence that each particular food has on blood sugar levels. It takes into account the type of carbs in a meal and its effect on blood sugar.

2. Carbohydrate count: Carb counting is a way of better understanding carbs and how they affect your blood sugar, medication requirement and insulin requirement. Carb counting has a different role for people with diabetes who use insulin and those that don't. For people with type 1 diabetes and those with type 2 diabetes who require insulin, carb counting is a way of matching insulin requirements with the amount of carb you eat or drink. For people with type 2 diabetes who don't require insulin, carb counting is a way of regulating the amount of carb you consume and monitoring how this affects your blood glucose control, weight management and medication intake.

In recent years, straight carb counting has become more popular than the dietary exchange system and GI, but both can be effective ways to manage carbs for people with type 1 or type 2 diabetes.

In summary, there is no such thing as a single diabetes diet. Patients should meet with a professional clinical dietitian to plan a customized diet within the general guidelines that takes into consideration their own health needs.

Dr. Saddah Eshki, consultant parenteral nutrition at the King Faisal Specialist Hospital and Research Center, Jeddah.

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What is the right diabetic diet for me?


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