Yes, precipitates are solids. Lantus forms micro-precipitates so the solids would be microscopic, technically they are crystals.
This deposit of precipitates is your depot/shed.
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When Lantus is first injected it forms into micro-precipitates (hexamers) that are too large to be absorbed and are put into "storage". They immediately start to break down and after 1-2 hours (ECID) the smaller (dimers) and smaller molecules (monomers) start to be absorbed (the shed doesn't have to be totally filled before any is available). This gradual process ensures that Lantus is slowly and steadily released. In a human study some Lantus is still at the injection site 24 hours (low dose) to 36 hours (high dose) after the injection! With a 12/12 hour injection schedule the next injection occurs well before the previous injection is gone resulting in 2 (or more) overlapping cycles. This carryover helps with Lantus’ already relatively flat curve.
Be aware that as you increase the dose, or are already using a large dose, the depot fills with more of the large precipitates and higher insulin concentrations causing the whole breakdown/diffusion/absorption process to slow down, you end up with a higher and longer duration insulin peak. A delayed shot is like a dose reduction because as the depot dissolves away its carry-over effect is continuing to be reduced for the next shot and cycle. After a long shot delay the process is refered to as refilling the shed, this is getting the 2 (or more) overlapping cyles back up to their full initial and carry-over strengths. It takes a couple cycles for the process to reach equilibrium again whenever you make a dose change.
You'll need to base the dose more on the nadirs than the pre-shot (see “Shooting &Handeling Low Numbers”!). The peak of these insulins is so late and the effect of the dose so long-lasting, well past the next shot, that the dose size is more likely to affect your next pre-shot than to have any effect on the immediate situation.
Did I mention ECID? ;-)
Be patient and go slow.
From "petdiabetes.wikia.com/wiki/Lantus":