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Abbott CEO Miles White said that while Alere is a bit of a fixer upper, he is pleased to have a resolution to issues surrounding the proposed acquisition.
The firm said that certain financial statements stretching back to 2013 are unreliable because of misconduct at Standard Diagnostics, its South Korean subsidiary.
The firms also dropped their lawsuits against each other, and said they expect to complete the merger by the end of the third quarter.
The parties reached a settlement agreement on the case, which alleged Alere sold systems knowing that they could cause patients serious harm, or even death.
Alere said that it will promptly apply for a CLIA waiver for use of the Alere Reader and the in vitro immunochromatographic influenza assay.
King's College London researchers reported that cardiac myosin-binding protein C might be more sensitive in detecting cell death due to a heart attack.
Get the latest news from Amydis Diagnostics, Singulex, Neogen, Alere, and Hologic for the week of 3/24/17.
The New York Stock Exchange gave Alere an additional six months to file its 2016 annual report, but it also said it could commence delisting proceedings at any time.
The court ruled against CMS' motion to dismiss the case, which seeks to have Arriva's Medicare billing privileges reinstated.