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New Competition, Procedure Declines Challenge Abbott Vascular In Second Quarter

Abbott’s stent business was up against an approximately 5% decline in U.S. percutaneous coronary intervention procedures in the past quarter, on top of persistent pricing pressures and the U.S. launch earlier this year of Medtronic’s Resolute Integrity.

Abbott Laboratories’ vascular device business was challenged in the second quarter on several fronts, but company officials say they are confident that the unit’s performance will accelerate through the second half of the year.

Worldwide operational sales for Abbott’s stent unit increased by a modest 4.6%, including U.S

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