Category: Abbott
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Abbott, DexCom settlement ‘not a complete surprise,’ says Wells Fargo
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https://www.tipranks.com/news/the-fly/abbott-dexcom-settlement-not-a-complete-surprise-says-wells-fargo Wells Fargo Abbott notes (Abt) and Dexcom (DXCM) revealed that on December 20, they reached a settlement and entered into a cross-licensing agreement to resolve all pending patent litigation in the United States and Europe for a period of 10 years. Under the agreement, the two companies granted each…
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Abbott Labs stock ‘attractive entry’ amid NEC litigation overhang
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On Thursday, Piper Sandler began covering Abbott Laboratories (NYSE:NYSE:) stock, assigning an Overweight rating and a $131 price target. The company highlighted the company’s strong performance, but noted that the stock has underperformed year-to-date, largely due to ongoing litigation related to necrotizing enterocolitis (NEC). However, the company believes that the…
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Abbott Labs falls after jury awards plaintiff $495M in damages in baby formula case
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LPETT Update at 8:10 PM: Damage update, adds Abbott’s comment. Abbott Laboratories (New York:ABT) decreased by 5% In after-hours trading after a St. Louis jury awarded a plaintiff $495 million in damages and penalties over allegations that the company’s infant formula caused A potentially fatal bowel disease. Margo Gill, an…
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Abbott posts Q2 earnings beat, lifts full-year outlook By Investing.com
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Abbott Park, Illinois – Abbott Laboratories The American healthcare company (NYSE:) reported second-quarter earnings that beat Wall Street expectations and raised its full-year adjusted earnings guidance, signaling confidence in its diversified healthcare portfolio. The company reported adjusted earnings per share of $1.14, beating analysts’ estimates of $1.11. Revenue for the…
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Abbott Rips Biden Over Beryl Call: ‘He Just Flat Out Made It Up’
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Breadcrumbs Path Links PMN Business Texas Gov. Greg Abbott responded to President Joe Biden’s claim that he had difficulty tracking down emergency funds for hurricane relief, saying the claim was “completely false and outlandish.” Article author: Bloomberg News Julie Fine and Brendan Case Published on July 10, 2024 • Read…