Abbott’s Covid-19 testing-related sales across the world were $2.3bn, including $2.1bn of combined sales from rapid testing platforms ID NOW, Panbio and BinaxNOW. Credit: Abbott.

Abbott has reported $11.5bn of worldwide sales for the fourth quarter (Q4) of 2021, representing growth of 7.2% on a reported basis and 7.7% on an organic basis.

During the quarter, the company’s global Covid-19 testing-related sales stood at $2.3bn, with sales for the full year at $7.7bn.

Abbott chairman and CEO Robert Ford said: “2021 was an outstanding year for Abbott. We achieved more than 40% EPS growth, exceeding the baseline EPS guidance we set at the beginning of last year and, importantly, continued to advance our new product pipeline across the portfolio.”

On a reported basis, the company’s worldwide diagnostics sales increased by 2.9%, while the organic basis increase was 3.3%.

Its Covid-19 testing-related sales across the world were $2.3bn, including $2.1bn of combined sales from rapid testing platforms Panbio, BinaxNOW and ID NOW. 

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Excluding Covid-19 testing-related sales, in Molecular Diagnostics and Rapid Diagnostics, the company’s Q4 sales increased, on a reported basis, 24.1% and 9.7%, respectively.

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