Abbott Labs gets FDA green light to ship coronavirus tests

Posted on AllSides March 19th, 2020
From The Center

Abbott Laboratories ABT, -6.062% said late Wednesday that it received an emergency authorization from the Food and Drug Administration to ship 150,000 tests for COVID-19, or infection from the SARS-CoV-2 coronavirus. The tests use Abbott's m2000 system, which is in use at more than 175 hospitals and labs in the U.S., and can run up to 470 tests in 24 hours, the company said. "Abbott is immediately distributing 150,000 tests and will continue ramping up production to the highest levels possible, with the goal of providing up to 1 million...

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