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Diabetes, Mitral Repair And Diagnostics Drive Big Quarter For Abbott

The company’s worldwide medical devices business reported 10.6% organic growth for the third quarter of 2019.

 
• By Reed Miller

Abbott Laboratories’ medical device businesses grew 10.6% year over year in the third quarter of 2019 while its diagnostics business grew 6.6%, helping the company grow 7.6% overall, the company reported on 16 October.

SANTA CLARA, CA/USA - JULY 29, 2017: Abbott Laboratories exterior and logo. Abbott Laboratories is an American worldwide health care company. - Image
• Source: shutterstock.com

Abbott Laboratories Inc.'s diabetes care business grew by over a third in the third quarter of 2019 compared to the same period of 2018 because of the continued success of the company’s FreeStyle Libre sensor-based continuous glucose monitor.

Sales of FreeStyle Libre have grown rapidly since the US Food and Drug Administration approved it in 2017, as the first continuous glucose monitor that does not require patients to...

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