General Electric and Abbott Laboratories Cancel Their $8.13 Billion Deal

After the markets closed yesterday, General Electric (NYSE: GE) and Abbott Laboratories (NYSE: ABT) released announcements that the two companies had terminated the pending sale of Abbott’s two diagnostic business units to General Electric. Abbott’s press release made the announcement in two sentences: “Abbott and GE have mutually agreed to terminate their contract for the sale of Abbott’s core laboratory and point-of-care diagnostics businesses to GE. The two companies were unable to agree on...

Integration of Pathology and Radiology to Be Debated at Lab InfoTech Summit 2007

With both Siemens and General Electric placing big bets on in vitro diagnostics during the past nine months, there is much speculation about plans to integrate pathology with radiology. Bruce Friedman, M.D., plans to tackle this subject at his fourth annual Lab InfoTech Summit, scheduled to take place in Las Vegas on March 5-7 at the Venetian Casino Resort Hotel. Dark Daily asked Dr. Friedman about his thoughts on what would be the most significant change in laboratory information technology...
;