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NEW YORK – Abbott said after the close of the market on Friday that the US Food and Drug Administration issued Emergency Use Authorization for the company's point-of-care test for detection of SARS-CoV-2.

According to the Abbott Park, Illinois-based firm, the test, which will run on its ID Now platform, can provide positive results in as little as five minutes and negative results in 13 minutes, and it can be used in a variety of healthcare settings, including doctors' offices, urgent care clinics, and hospital emergency departments.

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