PharmaSentry :: FDA OKs Abbott's new diabetes testing strips

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FDA OKs Abbott's new diabetes testing strips
From Associated Press 24-Jun-2010
The Food and Drug Administration approved the products to test for levels of glucose, a type of blood sugar, in patients with diabetes. People with the disease have trouble breaking down carbohydrates because their bodies have become resistant to a protein used in metabolism. Abbott said the new strips contain an enzyme designed to minimize interference with test results.

Key Concepts
• Abbott
• blood sugar
• strips
• Drug
• levels of glucose
• afternoon trading
• regulatory approval
• cents
• interference
• metabolism
• carbohydrates

Summary

•	ALAMEDA, Calif. -- Drug and device maker Abbott Laboratories said Thursday it received U.S. regulatory approval for its Freestyle blood sugar testing strips.
•	The Food and Drug Administration approved the products to test for levels of glucose, a type of blood sugar, in patients with diabetes.
•	People with the disease have trouble breaking down carbohydrates because their bodies have become resistant to a protein used in metabolism.
•	Abbott said the new strips contain an enzyme designed to minimize interference with test results.
•	North Chicago-headquartered Abbott said it would begin shipping test strips in August.
•	Shares of Abbott rose 16 cents to $47.72 in afternoon trading.