2 quick questions -
Is this being marketed through Abbott India or its unlisted arm
The efficacy seems questionable. How effective is this kit vis-a-vis whats available in market.
People who are knowledgeable regarding this development please share.
Disc: Invested
Does anyone know if this launch is by the listed entity or not?
Abbott Panbio now available online on Amazon India. Seems to be a cheaper, faster and easier COVID detection process than RT PCR.
Panbio COVID Antigen Self Test – 2 Test kits – ICMR Approved - Only Proven High-Accuracy Self-Test in India https://www.amazon.in/dp/B098GFPFZM/ref=cm_sw_r_apan_glt_fabc_5ZCHTRVNKHAXN7T5Y0BD
Doesn’t come under the listed entity anyhow.
Yes, marketed by Alere Medical Pvt Ltd, which is an unlisted subsidiary owned by Abbott Laboratories, USA . LINK
Even if not marketed by listed entity, still it augments the brand value if this product picks up in popularity, which is good for the rest of the products.
Disc: Invested
Is there any fundamental issue here or just the timely correction ? Thanks
Given that the earnings weren’t spectacular in the last 2-3 quarters but the stock was trading at 65 PE when it reached almost Rs 24000 against historical PE of around 42, this seems like a correction in line with the broader markets.
Disc:- Invested, transactions in the last week.
FIIs seem to be bearish on this MNC. Their shareholding has reduced from 1.9 to 0.22 
Q3FY22 Results
Financials
New MD appointment
Matter of concern but only US Parent’s Michigan facility is mentioned.
I believe the Abbott India business does not sell these products under the listed entity - it’s under the private business where consumer products like Ensure etc are sold. That is usually a negative for the stock but in this case it should be helpful!
Although will be interesting to monitor the stock if news flow continues on this.
Discl : Invested
But these products have high margins. And they could increase the ROCE and Free cash flow of the firm if they sold under the listed entity. I don’t know why abbott doing this. I guess these could be the reasons of Marcellus exiting this company.
This division of the products has always existed. So marcellus invested knowing this already, doesn’t make sense that it would be the reason for exit.
Attached article gives info why Marcellus sold Abbot
