What's Driving Abbott Labs Today
Oct 20th 2012 12:30PM
Updated Oct 20th 2012 12:40PM
Today, Fool.com analysts David Williamson and Max Macaluso look at the three big events driving Abbott Labs today. Topping the list is the impressive results for its hepatitis C drug, which appears significantly more successful than Gilead's comparable drug and bodes well for the planned AbbVie spinoff. On the other hand, the company has had to discontinue phase 3 trials for its potential kidney disease and diabetes drug, and investors should keep an eye on the looming patent cliff.
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The article What's Driving Abbott Labs Today originally appeared on Fool.com.David Williamson owns shares of Johnson & Johnson and Pfizer. Max Macaluso has no positions in the stocks mentioned above. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services recommend Gilead Sciences and Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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