Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ABBOTT LABORATORIES

(ABT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Abbott Laboratories : TO LAUNCH THE NEUROSPHERE MYPATH DIGITAL HEALTH APP DESIGNED TO TRACK AND REPORT PAIN RELIEF IN CHRONIC PAIN PATIENTS WITH PHYSICIANS PRIOR TO DEVICE IMPLANT

01/15/2021 | 09:16am EDT

ABBOTT PARK - Abbott (NYSE: ABT) today announced the upcoming launch of NeuroSphere myPath, a digital health app designed to track and report on patient perceived pain relief and general well-being associated with spinal cord stimulation (SCS) or dorsal root ganglion (DRG) therapy.

During the device trial period required before the permanent implant, the app allows patients to record their outcomes on pain and well-being while trialing their neurostimulation therapy.

Abbott's NeuroSphere myPath is a digital innovation that will provide relief to the millions of Americans currently living with chronic pain that are eligible for SCS or DRG therapy. This new digital health app will allow patients to use their Apple mobile device to connect with Abbott support, access educational resources and track the progress of their trial pain relief journey.

'The COVID-19 pandemic put a spotlight on the need for digital and remote health tools,' said Keith Boettiger, vice president, Neuromodulation, Abbott. 'The launch of the NeuroSphere myPath is one more example of how Abbott has been leading the way in providing remote ways to connect doctors and patients. Patients will be able to see information on their phone that would typically only be accessible in a doctor's office - helping patients to share their journey with their doctors.'

Prior to committing to full implantation of a neuromodulation device, patients undergo a trial period to test device capabilities and capacity for pain relief. During the trial, temporary leads are placed and connected to an external generator, allowing patients to experience firsthand the impact of neuromodulation on their chronic pain and related symptoms.

'The current digital healthcare landscape has revolutionized our ability to provide direct care for patients whenever they need,' said Shachi Patel, M.D., interventional pain management physician and owner of Delmarva Pain and Spine Center in Newark, Del. 'By providing patients with a more seamless, easier way to record their progress during the trial period, Abbott's NeuroSphere myPath app will enable an enhanced communication experience while providing patients with further insight on their overall outcomes and response to neuromodulation.'

NeuroSphere myPath is the latest innovation that fits within the company's broader NeuroSphere Digital Care connected health management platform. NeuroSphere myPath will be compatible with Abbott's Proclaim XR SCS System for patients living with chronic pain in the trunk and limbs, and Proclaim DRG Neurostimulation System for patients with chronic pain in the lower limbs caused by complex regional pain syndrome or causalgia.

'As clinicians, we are constantly in search of more intuitive tools and easy-to-use applications that enable us to provide better care for our patients living with chronic pain particularly when trialing a new treatment,' said Pankaj Mehta, M.D., medical director, chief medical officer and director of research at Pain Specialists in Austin, Texas. 'Assessing a patient's response to a new stimulation therapy is essential to determining a therapeutic course-of-action. With Abbott's NeuroSphere myPath app, I will have the ability to assess the information patients have been recording and provide a comprehensive assessment on how they are responding to the therapy.'

The NeuroSphere myPath will be available on the Apple App Store in the coming weeks and is expected to be available on Android devices in Q2 2021.

About Abbott's Chronic Pain Portfolio

Chronic pain can negatively impact personal relationships, work productivity and a person's daily routine. Abbott is a global leader in the development of chronic pain therapy solutions, offering radiofrequency therapy and spinal cord stimulation therapy solutions, including radiofrequency ablation generators and accessories, BurstDR stimulation, and dorsal root ganglion stimulation in the portfolio of chronic pain treatments.

About Abbott

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 107,000 colleagues serve people in more than 160 countries.

Contact:

Brent Tippen

Tel: (512) 286-4217

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about ABBOTT LABORATORIES
09/23ABBOTT : Hosts Conference Call for Third-Quarter Earnings
PR
09/20GLOBAL MARKETS LIVE : Universal Music Group, China Evergrande, ENI, Prudential, Microsoft...
09/20ABBOTT LABORATORIES : Gets FDA Clearance for Portico with FlexNav Transcatheter Aortic Val..
MT
09/20Abbott Receives FDA Approval for Minimally Invasive Portico with FlexNav TAVR System to..
CI
09/15ABBOTT LABORATORIES : to Pay Quarterly Cash Dividend of $0.45 a Share on Nov. 15 to Shareh..
MT
09/15ABBOTT : Declares 391st Consecutive Quarterly Dividend
PR
09/15Abbott Laboratories Declares Quarterly Dividend, Payable on November 15, 2021
CI
09/13GLOBAL MARKETS LIVE : Valneva, Walt Disney, ViacomCBS, General Motors, Amazon...
09/13INSIDER SELL : Abbott Laboratories
MT
09/10QIAGEN N : 3M, Qiagen to comply with Biden's COVID-19 vaccination, test mandate
RE
More news
Analyst Recommendations on ABBOTT LABORATORIES
More recommendations
Financials (USD)
Sales 2021 39 807 M - -
Net income 2021 5 837 M - -
Net Debt 2021 8 454 M - -
P/E ratio 2021 36,5x
Yield 2021 1,42%
Capitalization 214 B 214 B -
EV / Sales 2021 5,58x
EV / Sales 2022 5,56x
Nbr of Employees 109 000
Free-Float 88,8%
Chart ABBOTT LABORATORIES
Duration : Period :
Abbott Laboratories Technical Analysis Chart | ABT | US0028241000 | MarketScreener
Technical analysis trends ABBOTT LABORATORIES
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 120,58 $
Average target price 130,04 $
Spread / Average Target 7,85%
EPS Revisions
Managers and Directors
Robert B. Ford President, CEO, Chief Operating Officer & Director
Robert Emmett Funck Chief Financial Officer & Executive VP-Finance
Miles D. White Executive Chairman
Sabina Ewing Chief Investment Officer, VP-Business & Technology
Roxanne Schuh Austin Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ABBOTT LABORATORIES10.13%213 766
MEDTRONIC PLC9.91%173 273
BECTON, DICKINSON AND COMPANY0.48%72 208
HOYA CORPORATION29.36%61 370
ALIGN TECHNOLOGY, INC.31.19%55 390
DEXCOM, INC.48.51%53 122