ABT - Abbott Labs
Abbott Laboratories (NYSE: ABT) was started in 1888 by Dr. Wallace C. Abbott under the name Abbott Alkaloidal Company. Abbott's major contribution was the development of what he called “dosimetric granules,” which allowed dosages of medicine to be administered more effectively and consistently. Today we call them pills!
Abbott Laboratories is one of the leading researchers and developers of health care products, and manufactures and markets them around the globe. Major business sectors include these: Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Vascular Products.
Some recent key acquisitions have been Advanced Medical Optics, STARLIMS, TheraSense and Knoll.
The most recent revenue for 2008 was just under $30 billion with net profit of 4.881 billion. About 72,000 people are employed by Abbott.
The company is based in Abbott Park, Illinois.
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