Abbott (ABT) Secures CE Mark for World’s First Dual Glucose‑Ketone Sensing Technology for Diabetes

Abbott Laboratories (NYSE:ABT) is one of the best healthcare stocks to buy with highest upside potential. Abbott Laboratories (NYSE:ABT) announced on May 27 that it has secured CE Mark for the world’s first dual glucose‑ketone sensing technology for people with diabetes. The systems are branded as Libre Duo and Libre Duo 10 Day, and are specifically designed to make continuous measurements of glucose and ketone levels every minute. They provide real-time visibility into both glucose levels and rising ketones, which is necessary for daily diabetes management. Management stated that the technology marks the first time people with diabetes will be able to monitor ketones without traditional blood or urine tests, as rising ketones can lead to a diabetic ketoacidosis (DKA) emergency. Abbott Laboratories (NYSE:ABT) has plans to begin the launch of Libre Duo systems in select European countries later this year.

Daiwa Downgrades Abbott Laboratories (ABT), Sees Limited Upside

In a separate development, Abbott Laboratories (NYSE:ABT) announced on May 27 that the American Cancer Society (ACS) released updated colorectal cancer (CRC) screening guidelines that reaffirm Cologuard® and Cologuard Plus® as preferred noninvasive screening options for adults aged 45 and older who are at average risk for CRC.

Abbott Laboratories (NYSE:ABT) discovers, develops, manufactures, and sells healthcare products. The company’s operations are divided into the following segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices.

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