CLAIM #2886 · Abbott Laboratories (ABT) · 2022Q1 earnings call · Apr 19, 2022 · due Dec 31, 2022
“So that's now moved into high gear, not only in Germany, but for the rest of the year.”
Robert Ford · CEO
In context
“e I mentioned in the call, we filed as an ICGM. I don't have much to kind of update you there regarding that. I will say that we have moved Libre 3 in Europe into -- from kind of more of a limited rollout in Germany a while back to kind of more of an accelerated conversion from Libre 2 to Libre 3. And I think the process started really well in Germany. We got initial feedback from physicians, very positive feedback from the reimbursement system also. And that gave us the confidence here to kind of really begin to accelerate this market transition in Libre 3. We did that in Libre 2 also when we moved from Libre 1 to Libre 2 in Germany. That took us about a year. I think it's going to be faster than that with Libre 3. And we've got over 90% reimbursement coverage for Libre 3 in Germany. So that's now moved into high gear, not only in Germany, but for the rest of the year. So I'm focused a lot on what we can do with Libre in the countries that we do have it approved. And right now, everything that we're seeing is that it is a very, very compelling product. Scott Leinenweber: Okay. Operator, we'll take one more question. Operator: Our last question will come from Matt Miksic from Credit Suisse. Matthew Miksic: Just in the context of some of these new products, I did want to maybe follow up with just a level set expectations, for example, the Avidity rollout and menu expansion, very strong growth in the quarter. Robert, if you could maybe talk about what's the duration of this rollout? I know it started into the pandemic. And what does that look like through this year and potentially through next year? And then I know you touched this a few times here ab”
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SEC filings for ABT ↗ · Claim quote is verbatim from the 2022Q1 earnings call.