Abbott Laboratories

Abbott Laboratories is a diversified American healthcare company founded in 1888 by Dr. Wallace Calvin Abbott in Chicago, Illinois. Headquartered in Abbott Park, Illinois, Abbott is one of the world's leading healthcare companies, operating in over 160 countries and serving millions of patients worldwide. The company focuses on four core business areas: Medical Devices, which includes cardiovascular devices, diabetes care products, and neuromodulation systems; Diagnostics, encompassing laboratory diagnostics, point-of-care testing, and molecular diagnostics including COVID-19 testing solutions; Nutrition, featuring infant and adult nutritional products including Similac and Ensure brands; and Established Pharmaceuticals, consisting of branded generic medicines primarily in emerging markets. Abbott is renowned for its innovative medical technologies, including the FreeStyle Libre continuous glucose monitoring system, which has revolutionized diabetes management worldwide. The company's diagnostic capabilities gained global recognition during the COVID-19 pandemic with its rapid testing solutions, including the BinaxNOW home test. With over 113,000 employees globally, Abbott invests approximately 6-7% of sales in research and development, maintaining a robust pipeline of innovative healthcare solutions. Abbott is listed on the New York Stock Exchange and is a component of the S&P 500 index. The company has a strong track record of strategic acquisitions and partnerships to expand its capabilities and global reach, particularly in emerging markets and high-growth therapeutic areas. Abbott's commitment to improving lives through innovative healthcare solutions has established it as a trusted partner to healthcare providers, patients, and consumers worldwide.