Speaking at the J.P. Morgan Healthcare Conference, CEO Gary Guthart said the robotics company is also seeing strong growth in general surgeries.
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The company warned customers about elevated levels of the toxic gas when its EVair or EVair 03 optional compressors are used in certain conditions.
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CEO Robert Ford is “very confident” in Abbott’s ability to pass $10 billion in sales of its Libre continuous glucose monitor products by 2028.
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Stifel analysts expressed support for the decision, predicting it will benefit revenue growth and profitability and increase focus.
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The job cuts affect roles across corporate, sales and marketing, and operations.
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The J&J unit limited the use of the product in children after receiving reports of burn injuries that could be particularly harmful to them.
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