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Biotech / Medical : Coronavirus / COVID-19 Pandemic -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (291)	3/28/2020 10:05:26 AM
From: Sam	1 Recommendation Recommended By Glenn Petersen Respond to of 22884

A Q&A with Bill Gates on how we ought to respond to COVID. The parameters and consequences of different responses. Recorded March 24, 2020 ted.com Gates emphasizes the importance of widespread testing. Abbot's test should be incredibly important if it is widely distributed and used, assuming it doesn't give false positives or false negatives.

To: Moonray who wrote (291)	3/29/2020 11:08:44 AM
From: Moonray	2 Recommendations Recommended By Sam Stock Puppy Respond to of 22884

Two more stories adding more details about the Abbott Labs Coronavirus Testing, like: The test runs on the company's ID NOW platform, a 6.6-pound portable device the size of a small toaster. There are currently about 18,000 ID NOW instruments in the U.S. – the most widely available molecular point-of-care testing platform in the nation, Frels said. More at: 'A game changer': FDA authorizes Abbott Labs' portable, 5-minute coronavirus test the size of a toaster And at: Abbott Launches 5-Minute Virus Test for Use Almost Anywhere On a stock note: Abbott Labs (ABT) has a PER of about 18 at its current $76 price. This seems reasonable and is about $16 from its 52-Week High. I doubt there is much long-term profit for ABT in these tests. However, the Abbott announcement occurred right after the post-market session and I would expect the opening bid on Monday's pre-market to be much higher. o~~~ O