Wisconsin Inno: Abbott sold nearly $8 billion in Covid tests in 2021 but underscores diversification

Wisconsin Inno: Abbott sold nearly $8 billion in Covid tests in 2021 but underscores diversification

At this point in the pandemic, particularly as cases surge amid the Omicron variant, the BinaxNow at-home Covid-19 test made by Abbott Laboratories has become somewhat of a household name.

Abbott has distributed more than 1.4 billion Covid-19 tests globally since the start of the pandemic, including around 300 million in the fourth quarter of 2021, the company said Wednesday. With headquarters between Chicago and Milwaukee, Abbott was at one time among the largest private employers for Kenosha County residents.

The company’s global Covid-19 testing-related sales were $2.3 billion in the fourth quarter of 2021 and $7.7 billion for the full year, the company said Wednesday. Its tests include BinaxNow, Panbio and ID Now.

Click here to read the full article.