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Abbott’s Device And Diagnostics Businesses Maintain Growth Momentum In Q1

 
• By Reed Miller

Abbott appears well-positioned to weather the pandemic with continued revenue growth in diabetes, heart failure devices and molecular diagnostics.

COVID-19 Coronavirus outbreak financial crisis help policy, company and business to survive concept, businessman leader help pushing bar graph falling in economic collapse from COVID-19 virus pathogen
• Source: shutterstock.com

Despite the ongoing pandemic, Abbott Laboratories Inc. reported revenue growth in all four of its main businesses during the first quarter of 2020, including 2.9% organic year-over-year growth in its medical device businesses and 0.7% growth in diagnostics revenues.

“The underlying fundamentals of our business remain strong and our manufacturing and supply chain have been highly resilient,” Abbott CEO...

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