Markets

Abbott soars 10% after its 15-minute COVID-19 test wins FDA approval

Abbott surged 10% on Thursday after the FDA granted emergency authorization for its 15-minute COVID-19 test. Aside from the quick testing results, the new test is also significant because it will cost only $US5. The test, BinaxNOW, can be used at “massive scale” and does not require lab equipment to […]
Abbott soars 10% after its 15-minute COVID-19 test wins FDA approval
Markets

Abbott surges 11% after FDA approval of 5-minute coronavirus test

Abbott Laboratories announced Friday that the US Food and Drug Administration granted emergency use of its ID NOW COVID-19 test. Shares surged as much as 11% in premarket trading Monday. The test gives positive results in as little as five minutes and negative results in 13 minutes. Watch Abbott trade […]
Abbott surges 11% after FDA approval of 5-minute coronavirus test