Abbott Scores FDA Nod For First Dual-Chamber Leadless Pacemaker To Treat Abnormal, Slow Heart Rhythms
Portfolio Pulse from Vandana Singh
The FDA has approved Abbott Laboratories' AVEIR dual chamber leadless pacemaker system, the world's first of its kind to treat abnormal or slow heart rhythms. The system uses Abbott's proprietary i2i communication technology to provide synchronized cardiac pacing. The approval follows recent clinical data showing that the AVEIR DR system met its safety and efficacy endpoints. ABT shares are down 0.06% at $107.15.
July 05, 2023 | 4:35 pm
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NEUTRAL IMPACT
Abbott Laboratories has received FDA approval for its AVEIR dual chamber leadless pacemaker system. Despite this positive news, ABT shares are down 0.06% at $107.15.
The FDA approval of Abbott's AVEIR pacemaker is a significant milestone for the company, potentially opening up a new market segment. However, the slight decrease in ABT's share price suggests that the market had already priced in this approval.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100