Abbott Laboratories Accelerates Healthcare Innovation and Strategic Collaborations in 2024

Abbott Laboratories has been actively engaged in various initiatives, product launches, and collaborations aimed at enhancing healthcare outcomes and expanding its product portfolio.

In June 2024, Abbott partnered with the National Association of Community Health Centers to address food insecurity and improve health through the Innovation Incubator initiative, supporting community health centers across the U.S. Additionally, Abbott declared its 402nd consecutive quarterly dividend and received FDA clearance for two new over-the-counter continuous glucose monitoring systems, Lingo™ and Libre Rio™. They also received CE Mark approval for the world's first dual-chamber leadless pacemaker system, AVEIR™ DR.

In April 2024, Abbott's Esprit™ BTK Everolimus Eluting Resorbable Scaffold System received FDA approval for treating chronic limb-threatening ischemia below the knee. They reported strong first-quarter financial results, with a 2.2% increase in sales year-over-year and raised their full-year guidance ranges. Abbott also received FDA approval for the TriClip™ transcatheter edge-to-edge repair system for treating tricuspid regurgitation.

In March 2024, Abbott received CE Mark approval for the Assert-IQ™ insertable cardiac monitor, enhancing long-term monitoring for irregular heart rhythms. They extended their partnership with Real Madrid and the Real Madrid Foundation to promote health and nutrition among children globally. Furthermore, real-world data showed that combining GLP-1 medicines with Abbott's FreeStyle Libre system led to significant improvements in HbA1c levels for Type 2 diabetes patients.

In February 2024, Abbott's mixed reality technology for blood donation, developed in collaboration with Blood Centers of America, demonstrated a significant reduction in donor anxiety and encouraged repeat donations. The FDA advisory committee voted in favor of Abbott's TriClip™ system for treating a leaky tricuspid heart valve. Abbott also declared its 401st consecutive quarterly dividend.

In January 2024, Abbott launched the PROTALITY™ brand to support adults on their weight loss journey with high-protein nutrition shakes. They received FDA approval for the Liberta RC™ DBS system, the world's smallest rechargeable deep brain stimulation device with remote programming capabilities. Abbott also reported their fourth-quarter and full-year 2023 financial results, highlighting strong sales growth and strategic initiatives. Additionally, they announced the first global procedures using the Volt™ Pulsed Field Ablation System for treating abnormal heart rhythms and expanded MRI labeling for the Proclaim™ DRG neurostimulation system to allow full-body MRI scans for patients.

Overall, Abbott Laboratories has demonstrated a strong commitment to innovation, strategic partnerships, and improving healthcare outcomes through various product launches and collaborations.