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Abbott Labs CEO expects strong COVID-19 testing demand in near term

Published 01/11/2022, 10:08 AM
Updated 01/11/2022, 10:11 AM
© Reuters. FILE PHOTO: Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021.  REUTERS/Brendan McDermid

(Reuters) - Abbott Laboratories (NYSE:ABT) Chief Executive Officer Robert Ford said on Tuesday demand for COVID-19 testing has surged globally and that sales of its tests should stay strong in the near term.

"We've obviously you know, had a pretty, pretty strong last couple of months of testing and we expect that to continue here in the more immediate future," Ford said at the annual J.P. Morgan Health care conference.

© Reuters. FILE PHOTO: Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021.  REUTERS/Brendan McDermid

He added his company has the capacity to support demand.

While testing demand will eventually dwindle, there will be a portion that is sustained, Ford said.

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