CLAIM #2993 · Abbott Laboratories (ABT) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023
“I've talked about Libre being a $10 billion product by 2028 that implies a 15% annual growth rate. We'll do better than that this year.”
Robert Ford · CEO
In context
“support a dual sensor because I think, again, as I've mentioned, it seems to be the go-to sensor for pumpers will be this ability to measure glucose and ketones and factoring that into the algorithms. So that's going to be -- that's obviously having a lot of focus of us in terms of running that trial. And then finally, I would say, outside of Libre, the lingo platform is another kind of key growth driver for us. I've talked about expanding Libre, the Libre platform outside of diabetes and using this more broadly for a much more broader target. We have a separate team that's been working on that development, Larry. We will be launching 2 Lingo products this year. In Europe, I'd say the first one will probably be in the first half of this year and the second one in the second half. So I've talked about Libre being a $10 billion product by 2028 that implies a 15% annual growth rate. We'll do better than that this year. And I think the opportunities we have to be able to drive to that kind of revenue for this product are very real. And I think we've been executing very strongly on all these areas. Larry Biegelsen: That's super helpful. Just one brief follow-up. You talked about being excited about the TriClip opportunity at JPMorgan. I think it was just a month. I know it's limited in what you can say because you're presenting the TRILUMINATE data at ACC. But how are you thinking about that opportunity relative to mitral? Do you still -- and do you still expect approval in the U.S. by year-end '23? Robert Ford: I think it's a great opportunity for us. And I think that we've shown that we're definitely here one of the leaders when it comes to clip-based heart valve repair market. And do I think it's”
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SEC filings for ABT ↗ · Claim quote is verbatim from the 2022Q4 earnings call.