Health Care Tech

The Woonsocket, Rhode Island-based business is No. 5 on the Fortune 500 list and had $256.8 billion in revenue during its last fiscal year.

Revenue from the company's diagnostics segment rose 23% to $857 million as demand surged for Covid-19 tests. Abbott's diagnostics growth was fueled by its sales of both lab-based tests and on-site tests.

Contact tracing is the process of locating individuals who have been in contact with a coronavirus-positive person.

India’s Biocon Ltd has received regulatory approval for its drug Itolizumab to be used on coronavirus infected patients suffering from moderate to severe respiratory distress, the biopharmaceutical company said in a statement on Saturday.

Billionaire philanthropist Bill Gates called for COVID-19 drugs and an eventual vaccine to be made available to countries and people that need them most, not to the “highest bidder,” saying relying on market forces would prolong the deadly pandemic.

Gilead Sciences Inc said on Friday additional data from a late-stage study showed its antiviral remdesivir significantly improved clinical recovery and reduced the risk of death in COVID-19 patients.

Early studies of the intravenous version of remdesivir showed the drug hastened recovery for patients hospitalized with COVID-19.

Democratic presidential candidate Joe Biden said he would create a public option, reduce the age for Medicare eligibility, crack down on surprise billing, and reform prescription drug pricing as part of his health care plan.

Walgreens is opening hundreds of doctors offices with more than 3,000 primary care providers.