Abbott Labs Stock Price, News & Analysis

Cadrenal Therapeutics (CVKD) has announced a significant collaboration agreement with Abbott (ABT) to support their pivotal TECH-LVAD trial, evaluating tecarfarin in patients with Left Ventricular Assist Devices (LVADs).

The collaboration focuses on testing tecarfarin, a new oral Vitamin K antagonist (VKA), with Abbott's HeartMate 3™ LVAD, which is currently the only advanced mechanical circulatory support device available in the United States for patients with advanced heart failure.

Under the agreement, Abbott will provide support in:

• Trial design
• Site identification
• Trial awareness
• HeartMate 3™ expertise

The LVAD market, valued at $1.1 billion in 2023, is projected to reach $2.4 billion by 2032, according to Business Research Insights.

Abbott (NYSE: ABT) has announced its 405th consecutive quarterly dividend of 59 cents per share, continuing a remarkable streak that began in 1924. The dividend will be payable on May 15, 2025, to shareholders of record as of April 15, 2025.

The company has demonstrated exceptional consistency in shareholder returns, having increased its dividend payout for 53 consecutive years. This achievement has earned Abbott a position in the prestigious S&P 500 Dividend Aristocrats Index, which recognizes companies that have raised their dividends annually for at least 25 consecutive years.

Abbott has released new survey findings and a film highlighting how misconceptions and stigma affect people living with diabetes. The survey of over 2,600 people across eight countries revealed concerning statistics: 40% have missed doctor's appointments due to shame, nearly 70% believe there is stigma associated with their condition, and 85% have witnessed inaccurate diabetes portrayals in media.

The study showed that almost 25% avoided sharing their diagnosis with family or friends, while biometric testing indicated 40% of individuals had elevated physiological responses to stigmatizing statements. Notably, questions about food choices triggered the strongest stress responses.

Abbott's new 'Above the Bias' initiative aims to promote understanding of diabetes from patients' perspectives. The survey also found that 70% of respondents reported that supportive comments significantly boost their motivation to manage their condition.

Abbott (ABT) reported strong Q4 2024 results with sales of $11.0 billion, up 7.2% on a reported basis and 10.1% organic growth excluding COVID-19 testing. Full-year 2024 sales reached $42.0 billion, increasing 4.6% on a reported basis and 9.6% organic growth excluding COVID-19 testing.

The company achieved the upper end of its initial 2024 guidance ranges for both organic sales growth and adjusted earnings per share. Q4 2024 GAAP diluted EPS was $5.27, while adjusted diluted EPS was $1.34. Full-year 2024 GAAP diluted EPS was $7.64, with adjusted EPS at $4.67.

Looking ahead, Abbott projects full-year 2025 organic sales growth of 7.5% to 8.5%, with adjusted operating margin expected to be 23.5% to 24.0%. The company forecasts full-year 2025 adjusted diluted EPS of $5.05 to $5.25, representing double-digit growth at the midpoint.

Abbott Laboratories (NYSE: ABT) faces a class action lawsuit filed by the Public Health Advocacy Institute (PHAI) over allegedly misleading marketing of its 'toddler milk' products. The lawsuit targets Abbott's 'Go & Grow Toddler Drink' and 'Pure Bliss Toddler Drink,' claiming deceptive marketing practices targeting parents of children aged 12-36 months.

The complaint alleges Abbott positions these products as a natural progression from FDA-regulated infant formula, despite lacking FDA regulation and containing 22.9% and 20% added sugar respectively. The lawsuit highlights that toddler milk sales exceed $500 million annually, with advertising spending quadrupling between 2006-2015.

Medical experts, including the American Academy of Pediatrics, recommend against these products, advocating instead for healthy foods, water, and plain cow's milk for toddlers. The lawsuit seeks marketing practice changes and consumer refunds across multiple states.

Abbott (NYSE: ABT) announced it will release its fourth-quarter 2024 financial results on Wednesday, January 22, before market open. The company will host a live webcast earnings conference call at 8:30 a.m. Central time (9:30 a.m. Eastern). Investors can access the webcast through Abbott's Investor Relations website at www.abbottinvestor.com. An archived version of the call will be made available later the same day.

Abbott (NYSE: ABT) has achieved a significant milestone by completing the world's first leadless left bundle branch area pacing (LBBAP) procedures using their investigational AVEIR™ Conduction System Pacing (CSP) leadless pacemaker system. The procedures were conducted as part of a feasibility study evaluating the system's acute safety and performance.

The innovative device, which has received FDA Breakthrough Device Designation, is designed to deliver pacing to the left bundle branch area, activating the heart's natural conduction system. This approach combines the benefits of both conduction system pacing and leadless pacing technologies, potentially offering improved physiological response compared to traditional pacing options.

The procedures were performed by Prof. Petr Neužil at Na Homolce Hospital in Prague and Dr. Vivek Y. Reddy from Mount Sinai Hospital in fall 2024.

Abbott (NYSE: ABT) has announced a 7.3% increase in its quarterly common dividend to 59 cents per share, marking its 53rd consecutive year of dividend growth. The company's quarterly dividend payout has grown more than 60% since 2020, demonstrating consistent shareholder value creation. This will be Abbott's 404th consecutive quarterly dividend since 1924. The dividend is payable on February 14, 2025, to shareholders of record as of January 15, 2025. Abbott maintains its position in the S&P 500 Dividend Aristocrats Index, which includes companies with at least 25 consecutive years of dividend increases.

Abbott and the Big Ten Conference's 'We Give Blood Drive' competition saw nearly 20,000 participants donate blood across the country, potentially saving up to 60,000 lives. The University of Nebraska-Lincoln won the competition, receiving a $1 million grant from Abbott to advance student and community health.

The initiative aimed to address one of the biggest blood shortages in a generation, particularly noting the decline in donors aged 19-24 by nearly a third in recent years. More than half of the campus blood drive donors were first-time contributors. The competition ran from September 26 through December 6 and will return next football season.