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Abbott Laboratories

Abbott Laboratories
Company nameAbbott Laboratories
Company typePublic ( )
S&P 500 Component
SloganA promise for life
IndustryPharmaceutical
Founded1888 (as Abbott Alkaloidal Company)
Founder(s)Dr. Wallace Calvin Abbott
HeadquartersNorth Chicago, Illinois, U.S.
Area servedWorldwide
ProductsPharmaceutical products
Medical devices
Diagnostic assays
Nutritional products
Animal health products
Revenue(+) US$30.8 Billion (FY 2009)
Operating income(+) US$6.37 Billion (FY 2009)
Net income(+) US$5.75 Billion (FY 2009)
Total assets(+) US$52.4 Billion (FY 2009)
Total equity(+) US$22.9 Billion (FY 2009)
Employees90,000 (as of 2009)

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Abbott Laboratories ( ) is an American-based global, diversified (multi-division) pharmaceuticals and health care products company. It has 90,000 employees and operates in over 130 countries. The company headquarters are in Abbott Park, North Chicago, Illinois. The company was founded by Chicago physician, Dr. Wallace Calvin Abbott in 1888. In 2010, Abbott had over $35 billion in revenue.

In 1985, the company developed the first HIV blood screening test. The company's drug portfolio includes HUMIRA, a drug for rheumatoid arthritis, psoriatic arthritis, ankylosing spondylitis, Crohn's disease, moderate to severe chronic psoriasis and juvenile idiopathic arthritis; Norvir, a treatment for HIV; Depakote, an anticonvulsant drug; and Synthroid, a synthetic thyroid hormone. Abbott also has a broad range of medical devices, diagnostics and immunoassay products as well as nutritional products, including Ensure, a line of well known meal replacement shakes, and EAS, the largest producer of performance based nutritional supplements.

Abbott's in vitro diagnostics business is a world leader in immunoassays and blood screening. Abbott's broad range of medical tests and diagnostic instrument systems are used worldwide by hospitals, laboratories, blood banks, and physician offices to diagnose and monitor diseases such as HIV, hepatitis, cancer, heart failure and metabolic disorders, as well as assess other important indicators of general health. Abbott Point-of-Care manufactures diagnostic products for blood analysis to provide health care professionals critical diagnostics information accurately and immediately at the point of patient care. Abbott also provides point-of-care cardiac assays to the emergency room.

Abbott Laboratories Video

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Abbott Laboratories is one of the US's top health care products makers. The company's pharmaceuticals include HIV treatment Norvir, rheumatoid arthritis ther...
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GlaxoSmithKline's anti-trust claims against Abbott rejected - Telegraph.co.uk Tweet this news
Telegraph.co.uk--GlaxoSmithKline's anti-trust claims against American rival, -Abbott Laboratories-, over allegations of unfair HIV drug pricing, have been rejected by a jury at a trial in California. By Rachel Cooper 7:55PM BST 31 Mar 2011 The Britis - Date : Thu, 31 Mar 2011 18:56:26 GMT+00:00
Abbott Laboratories (ABT) Showing Resistance Near $49.51 With 3.66% Dividend Yield - Market Intelligence Center Tweet this news
Market Intelligence Center---Abbott Laboratories- (NYSE:ABT) closed Wednesday's dramatic trading session at $48.96. In the past year, the stock has hit a 52-week low of $44.59 and 52-week high of $53.75. -Abbott Laboratories- stock has been showing s - Date : Thu, 31 Mar 2011 12:56:29 GMT+00:00
FDA clears Abbott's wireless handheld testing system | Regulatory roundup - Mass Device Tweet this news
Mass Device---Abbott Laboratories- wins 510(k) clearance from the FDA for a wireless verion of its i-STAT 1 handheld point of care testing system. The FDA granted -Abbott Laboratories- (NYSE:ABT) 510(k) clearance for the wireless version of its i-STAT 1 p - Date : Tue, 29 Mar 2011 21:13:25 GMT+00:00
MORGAN STANLEY LOWERED ITS PT FOR ABBOTT LABS TO $55 (ABT) - Zacks.com Tweet this news
Zacks.com--Mar 30, 2011 (SmarTrend(R) News Watch via COMTEX) -- Morgan Stanley lowered its price target for -Abbott Laboratories- (NYSE:ABT) to $55 from $56 and maintained its overweight rating on the stock. -Abbott Laboratories- has a potential upside of - Date : Wed, 30 Mar 2011 18:12:48 GMT+00:00
Openeye Releases FastROCS 1.0 - HPCwire Tweet this news
HPCwire--SANTA FE, NM, March 28 -- OpenEye Scientific Software, Inc., the developer of innovative molecular modeling and cheminformatics solutions for drug discovery, recently released FastROCS 1.0 to its collaborators at -Abbott Labs- and Pfizer. ... - Date : Thu, 31 Mar 2011 18:07:07 GMT+00:00
Religious Groups Urge Drug Makers To Ease Up On Price Hikes - Wall Street Journal Tweet this news
Wall Street Journal--(BMY) and -Abbott Laboratories- (ABT). The meetings are scheduled for late April and early May. Barclays Capital recently said the average price increase for the top-selling 130 branded drugs for 2010 was 6.9%, the highest rate in a d - Date : Thu, 31 Mar 2011 21:20:48 GMT+00:00
Trading Idea - Momentum Building in Abbott Labs - TradersHuddle.com Tweet this news
TradersHuddle.com---Abbott Laboratories- (NYSE:ABT) develops, manufactures, and sells a broad and diversified line of health care products and services. The Company's products include pharmaceuticals, nutritional, diagnostics, and vascular products. - Date : Mon, 28 Mar 2011 09:58:03 GMT+00:00
SeaGen Inks Abbott Deal - Seattle Post Intelligencer Tweet this news
Seattle Post Intelligencer--Seattle Genetics (NASDAQ: SGEN), said today it will get an $8 million upfront payment from -Abbott Laboratories- in exchange for the right to use technology that links targeted antibodies to toxins that make them more potent dr - Date : Tue, 22 Mar 2011 14:01:25 GMT+00:00
Abbott Laboratories (ABT) Trading Near $47.58 Support Level - Market Intelligence Center Tweet this news
Market Intelligence Center---Abbott Laboratories- (NYSE:ABT) closed Thursday's bullish trading session at $48.11. In the past year, the stock has hit a 52-week low of $44.59 and 52-week high of $54.31. -Abbott Laboratories- stock has been showing sup - Date : Fri, 25 Mar 2011 12:59:21 GMT+00:00
Glaxo versus Abbott case handed to the jury - International Business Times Tweet this news
International Business Times--A jury began deliberating on whether -Abbott Laboratories- (ABT.N) should pay GlaxoSmithKline (GSK.L) hundreds of millions of dollars over allegations of unfair HIV drug pricing. Subscribe to The Economic Monitor to get the d - Date : Mon, 28 Mar 2011 13:59:38 GMT+00:00

Illinois-based Corporations

Fortune 500
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(by size - 2010)
Archer Daniels Midland * Boeing * Walgreen Company * State Farm Insurance Cos. * Sears Holdings Corporation * Kraft Foods * Caterpillar Inc. * Allstate * Abbott Laboratories * Deere & Company * McDonald's * Motorola * Exelon * UAL Corporation * Illinois Tool Works * Sara Lee Corporation * Baxter International * Navistar International * RR Donnelley * Discover Financial * Aon Corporation * Integrys Energy Group * OfficeMax * W. W. Grainger * Fortune Brands * Smurfit-Stone Container * Telephone and Data Systems * Anixter International * United Stationers * Tenneco * Northern Trust
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