December 24, 2024 07:22 GMT
HEALTHCARE: Abbott Labs (ABT: Aa3/AA-): Patent Agreement
HEALTHCARE
Positive - Abbott Labs and DexCom have agreed to dismiss all pending patent disputes.
- No financial settlement
- Have agreed not to sue each other for next 10 years
- Abbott has performed steadily recently but well off its glory days of 2010-2021.
- The credit has gone from Baa3 in 2017 to Aa3 now. Little upside but good to see a risk removed.
Press Release Link
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