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Abbott feels sting of shrinking DES (drug-eluting stent) market; cuts 1,200 jobs

This article was originally published in Clinica

Executive Summary

Another big hitter has buckled under the pressures of a weakening drug-eluting stent (DES) market, with Abbott revealing on Tuesday (December 5) it was axing 1,200 jobs at two facilities that manufacture vascular products.

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