Abbott Laboratories
RANK
24
Health care access is a challenge in Rwanda, which makes one diagnostic innovation by Abbott Labs particularly valuable. Abbott’s prenatal panel tests simultaneously for syphilis, malaria, HIV, and hepatitis B, using only one finger-stick of blood, with results in the same visit. For expectant mothers who may have time or resources for only one trip to the clinic, that means better care; the test has also enabled a tripling of malaria case detections.
At press time, health care providers were just beginning to deploy another potentially crucial Abbott diagnostic product: An “antigen” test for COVID-19 that yields results in 15 minutes and costs $5.
Courtesy of Abbott Laboratories
Company Information
As of 2/1/2023
Country
U.S.
Headquarters
Abbott Park, Ill.
Industry
Medical Products and Equipment
CEO
Robert B. Ford
Website
Company Type
Public
Ticker
ABT
Revenues ($M)
$43,653
Profits ($M)
$6,933
Market Value ($M)
$196,710
Employees
113,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
Change the World
Impact Segment
Public Health/Nutrition
Sector
Health Care
Prior Year Rank
-
Historical Data
| Year | Revenues ($M) | Profits ($M) |
|---|---|---|
| 2018 | $27,390 | $477 |
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