About Abbott Laboratories (ABT)

Abbott Laboratories, commonly known as Abbott, is an American multinational medical device and health care company. Headquartered in Abbott Park, Illinois, Abbott operates in over 160 countries and employs approximately 109,000 people. The company was founded in 1888 by Dr. Wallace Abbott and initially focused on formulating and selling pharmaceuticals. Over the years, Abbott diversified its business and is now involved in various areas of healthcare, including diagnostics, medical devices, nutrition products, and branded generic pharmaceuticals. Abbott's mission is to improve people's health and well-being through innovative technologies and solutions.

One of Abbott's key strengths is its diverse portfolio of healthcare products. The company's diagnostics segment offers a wide range of tests and instrumentation for laboratories, hospitals, and clinics. Abbott's medical devices business includes products such as cardiovascular devices, diabetes care devices, and vision care products. The company's nutrition segment offers a variety of products for infants, children, and adults, including nutritional drinks and supplements. Additionally, Abbott's pharmaceuticals business develops and sells branded generic drugs.