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    Abbott Could Reach New Highs On Xience Prime

    Mon, 04/23/2012 - 12:49 EDT - Seeking Alpha
    • ABT
    • GSK
    • IDIX
    • LLY
    • Mel Daris
    • PFE

    By Mel Daris:When a company like Abbott Laboratories (ABT) frequently makes the news, it is not necessarily a good thing. Breakthrough pharmaceuticals take a long time to develop, so it is not uncommon to have long periods without any news. Abbott Laboratories is not in this rut currently, as it is making a lot of news thanks to a streak of breakthrough developments. This should be welcomed news for both investors and patients alike.First and foremost, Abbott Laboratories just unveiled the results of a trial evaluating a treatment in development for advanced Parkinson's disease and the results were positive. This drug lowers the "off" time of those suffering from Parkinson's, which means that they experience fewer periods of poor mobility, slowness and stiffness. This is a great breakthrough for those who suffer from Parkinson's and it will solidify Abbott's spot among the pharmaceutical elite. Expect its stock price to respond accordingly.Complete Story »

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