Abbott Laboratories reports developments across a global healthcare portfolio that includes diagnostics, medical devices, nutritionals and branded generic medicines. Recurring updates cover cardiovascular technologies such as Ultreon coronary imaging, pulsed field ablation and cardiac pacing systems; diabetes and other medical devices; nutritional products; and diagnostic testing.
Abbott news also includes financial results, guidance, product clearances, clinical data presentations, commercial integrations and portfolio changes. Following the completed Exact Sciences acquisition, oncology diagnostics are a recurring theme, including Cologuard, Oncotype DX, Oncodetect, Riskguard and Cancerguard tests for cancer screening, recurrence risk and treatment support.
Abbott (NYSE: ABT) announced an 8.5% increase in its quarterly dividend, raising it to 51 cents per share. This marks the company’s 51st consecutive year of dividend growth and the 396th consecutive quarterly dividend, to be paid on Feb. 15, 2023, to shareholders of record by Jan. 13, 2023. Abbott is recognized in the S&P 500 Dividend Aristocrats Index for consistent annual dividend increases over at least 25 years, reflecting its commitment to sustainable growth and shareholder returns.
Abbott (NYSE: ABT) has won three CES 2023 Innovation Awards from the Consumer Technology Association for its innovative health technologies. The awarded products include the Aveir VR Leadless Pacemaker, the Proclaim Plus SCS System, and the Alinity m Monkeypox PCR test. Abbott's achievements continue as the company was previously recognized for its FreeStyle Libre technology, named the best medical technology of the last 50 years by the Galien Foundation. This recognition underscores Abbott's commitment to advancing healthcare solutions globally.
Surmodics announced positive results from the 24-month follow-up of its TRANSCEND clinical trial at the VIVA conference in Las Vegas. The study involved 446 patients and compared the SurVeil DCB with the leading IN.PACT Admiral DCB. Results show that SurVeil achieved a primary patency rate of 70.8% versus 70.4% for IN.PACT, with comparable safety profiles. SurVeil uses a significantly lower dose of paclitaxel, which may enhance patient outcomes. Surmodics holds a partnership with Abbott (ABT) for commercialization upon FDA approval.
Summary not available.
Surmodics, Inc. (NASDAQ:SRDX) announced that findings from the TRANSCEND clinical trial will be shared at the Vascular InterVentional Advances (VIVA) conference on November 1, 2022. Dr. Kenneth Rosenfield will present 24-month data on the efficacy and safety of the SurVeil drug-coated balloon (DCB) compared to IN.PACT Admiral DCB. Initial results at 12 months indicated non-inferiority for SurVeil with a lower drug dose. Surmodics has an agreement with Abbott (NYSE: ABT) for commercialization rights.
Abbott's third-quarter sales reached $10.4 billion with a 4.7% decline on a reported basis but a 1.3% increase organically. GAAP EPS was $0.81, while adjusted EPS surged to $1.15. Abbott raised its full-year 2022 EPS guidance to $3.75-$3.81 (GAAP) and $5.17-$5.23 (adjusted). Strong growth was noted in U.S. Medical Devices, particularly in Electrophysiology, Structural Heart, and Diabetes Care. The launch of FreeStyle Libre 3 boosted sales, despite declines in Nutrition and Diagnostics due to past manufacturing issues and diminished COVID-19 testing revenue.
Abbott (NYSE: ABT) has partnered with The Home Edit to redesign medicine cabinets in preparation for the flu and virus season, which is impacted by COVID-19. The initiative focuses on organizing health essentials like the BinaxNOW COVID-19 Antigen Self Test, enhancing family preparedness. With over a billion BinaxNOW tests produced, Abbott emphasizes the importance of at-home testing for quick results. The Home Edit offers organizational tips to help families maintain essential items efficiently and visually appeal to their health space.
A recent study published in The New England Journal of Medicine demonstrates that Abbott's FreeStyle Libre 2 glucose monitoring system significantly lowers glycated hemoglobin (HbA1c) levels in adults with Type 1 diabetes compared to self-monitoring of blood glucose (SMBG). At the end of the 24-week study, FreeStyle Libre users exhibited a 0.5% reduction in HbA1c, while SMBG users only saw a 0.2% decrease. The study also noted improvements in quality of life and greater treatment satisfaction among FreeStyle Libre users.
Abbott will announce its third-quarter 2022 financial results on October 19, 2022, prior to market opening. The earnings conference call will take place at 8 a.m. Central time and will be accessible via Abbott's Investor Relations website. Abbott operates globally, providing technologies in diagnostics, medical devices, nutritionals, and branded generic medicines, serving over 160 countries with a workforce of 113,000 colleagues.
Abbott (NYSE: ABT) announced significant findings from five late-breaking presentations at the TCT 2022, showcasing its minimally invasive structural heart devices. Key highlights include the MitraClip's efficacy in treating mitral regurgitation, achieving a 91% success rate in MR reduction with low adverse event rates. The TriClip also showed promising results with a 99% implant success rate. Additionally, the Amulet LAA Occluder demonstrated better stroke reduction compared to competing devices. These advancements reinforce Abbott's leadership in innovative cardiac treatments.