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FDA Wants Abbott Labs To Toe Regulatory Line

Diagnostics giant faces consent decree as regulators adopt “get tough” stance

CEO SUMMARY: In the short term, it’s Abbott Laboratories which must deal with increasingly aggressive FDA regulators. But the real story behind the story is that the FDA is stepping up regulatory oversight of the entire diagnostics industry. Abbott faces serious consequences if it cannot resolve its disagreement with government regulators about quality issues in …

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