Abbott Laboratories
Abbott Laboratories is a Chicago-based medical products company known for its diagnostics, medical devices, nutrition products, and branded generic pharmaceuticals. Among Abbott’s most well-known brands are Pedialyte, Ensure, Similac, and Glucerna. In 2020, Abbott played an important role in combating the coronavirus pandemic through its development of one of the first rapid COVID tests, the ID Now molecular test that delivered results in as little as 15 minutes. Partnering with the federal government, Abbott provided states with millions of rapid COVID tests, over 3 million of which were sent to California’s most disadvantaged school districts for free. In early 2013, Abbott spun off AbbVie, its research-based pharmaceuticals business.
David J. Phillip—AP Images
Company Information
As of 3/29/23
Country
U.S.
Headquarters
Abbott Park, Ill.
Industry
Medical Products and Equipment
CEO
Robert B. Ford
Website
Company Type
Public
Ticker
ABT
Revenues ($M)
$43,653
Profits ($M)
$6,933
Market Value ($M)
$172,752
Employees
115,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.
America's Most Innovative Companies
Sector
Health Care
Culture rank
230
Process rank
198
Product rank
51
World's Most Admired Companies
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Precision
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Lists ranking Abbott Laboratories