NEWS: Coronavirus tests are on the way as Abbott Laboratories gets latest approval

Latest approval joins three other companies to increase testing in U.S.

The Food and Drug Administration has issued an Emergency Use Authorization to Abbott Laboratories for the company’s molecular test for the coronavirus, which will give U.S. hospitals another weapon to speed their diagnostic capabilities against the pandemic.

Abbott Laboratories stock was up more than 1.5 percent in after-hours trading on the news.

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