CLAIM #3182 · Abbott Laboratories (ABT) · 2024Q3 earnings call · Oct 16, 2024 · due Dec 31, 2024
“So, I think we'll have a very good year with a good strong close in Q4.”
Robert Ford · CEO
In context
“ed into higher guidance as a result of a little bit of that delay here. So, we'll go through the VBP transition. We've done it in a lot of our businesses. There's the pricing impact going forward, there's some transition-related items that happen, whether you're making pricing accommodations for the inventory that's already in the channel, et cetera. So I still feel very good about the business we've got there. I feel good about China continues to be a very attractive market for us. So we'll just work our way through this. But to your question on the quarter, yes, we feel good about the quarter. I wouldn't have kept the guidance if we didn't. We've got great momentum in the business. We're meeting with the management team yesterday. They're very committed and feel good about the momentum. So, I think we'll have a very good year with a good strong close in Q4. Operator: And our next question will come from Larry Biegelsen from Wells Fargo. Your line is open. Larry Biegelsen: Robert, I wanted to ask about Libre and just big picture. You had 21% growth in Libre in Q3, which was good, but your competitors obviously having some issues. So, it would be helpful to hear your view of the state of the CGM market, talk about your confidence in the overall CGM market outlook and your goal of $10 billion in sales by 2028. And maybe just give us some color on what you're seeing so far with Lingo? Robert Ford: Yes, sure. Larry, I've always been very bullish about this market and talk about this market a little bit differently than when we talk about general med tech markets, right? This is a mass market opportunity that we have. And yes, we grew 21%. U.S. wa”
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SEC filings for ABT ↗ · Claim quote is verbatim from the 2024Q3 earnings call.