Abbott soars 10% after its 15-minute COVID-19 test wins FDA approval (ABT)

The new COVID test will be accompanied by a free smartphone app that will display a user’s test results, which can then be displayed when asked at social gathering places like schools and workplaces.

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FDA gives emergency-use approval for Abbott’s $5, 15-minute COVID-19 test, though not for home use

The test should help meet a growing demand for cheap, less-accurate COVID-19 tests that some public health officials argue the U.S. needs to return to school and work. Peter Weber