Abbott Q4 Revenues Up 3 Percent, Driven by Diagnostic Products Growth

Jan 25, 2017

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NEW YORK (GenomeWeb) – Abbott reported on Wednesday that its fourth quarter diagnostic revenues grew 3 percent year over year, despite an unfavorable 1 percent effect from foreign exchange.

Its molecular diagnostics revenues dropped 8 percent driven by a planned scale down of its genetics business that offset growth in infectious disease testing.

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