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Abbott sales beat as demand for generic drugs rises

An Abbott company logo is pictured at the reception of its office in Mumbai, India, September 8, 2015.

Abbott Laboratories Inc (ABT.N) reported better-than-expected quarterly sales as demand rose for its generic drugs in emerging markets, including Latin America and China.

Abbott said on Wednesday sales of its generic drugs grew in double digits in emerging markets, helped by the acquisition of Chilean drugmaker...