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ABT
128.54
+ 0.38%
Abbott Laboratories
Healthcare

News Sentiment

135h 4m ago
Bullish 85%
Bearish 15%

News Summary

The company announced a major $21 billion deal to acquire Exact Sciences, the maker of the Cologuard at-home colon cancer test. This represents the company's largest acquisition in a decade and will allow it to enter the lucrative cancer testing market. The deal includes a significant 50% premium paid for Exact Sciences shares. This strategic move is seen as a key part of the company's future growth strategy, expanding its diagnostic portfolio into early cancer detection.
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