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Abbott sold $2.1 billion worth of rapid COVID-19 tests in the last three months of 2021

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“If COVID testing, in that scenario, which I think is highly unlikely, kind of falls off, then we’ll have to obviously look at the investments we’re making and make the adjustments we have to make, especially as we start to move into 2023,” Ford said. “I don’t think that is the case. I think that COVID testing is going to be still around. I think omicron has catalyzed a pretty significant shift in global rapid testing and screening, and the question here is going to be how does it evolve over the next nine months, 12 months here.”

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