Company Name: Abbott Laboratories
Industry: Medical Devices
Sector: Healthcare
Description: Abbott Laboratories is a global health care company that develops, manufactures, and sells a wide range of products and services for various segments, such as medical devices, diagnostics, nutrition, and branded generic pharmaceuticals.
Abbott was founded in 1888 by Wallace Calvin Abbott, a Chicago physician, and is headquartered in Abbott Park, Illinois. The company has more than 115,000 employees and operates in more than 150 countries.
Abbott’s main source of revenue is medical devices, which account for more than 40% of its total revenue. The company offers various devices and technologies for cardiovascular, diabetes, neuromodulation, and structural heart applications, such as pacemakers, defibrillators, glucose monitors, stents, valves, and ablation catheters. Abbott also generates revenue from diagnostics, which provides laboratory and point-of-care testing systems and solutions for infectious diseases, immunoassays, molecular diagnostics, and blood screening.
Nutrition is another segment that produces and sells pediatric and adult nutritional products, such as infant formulas, nutritional drinks, and bars. Branded generic pharmaceuticals is the segment that offers a portfolio of generic medicines for various therapeutic areas, such as gastroenterology, women’s health, cardiovascular, and respiratory.
Abbott has a balanced and diversified portfolio of products and services that cater to different customer segments, markets, and needs. The company has a strong presence in both developed and emerging markets, and benefits from the growing demand for healthcare solutions in the latter.
Abbott also has established a reputation for quality, reliability, and excellence in the healthcare industry, and has built strong relationships with customers, such as physicians, hospitals, laboratories, and consumers.
Abbott’s stock is traded on the NYSE under the ticker symbol ABT.
CEO: Mr. Robert B. Ford
Website: https://www.abbott.comExchange: New York Stock Exchange