Abbott Laboratories, Inc.
|Founded||1888Ravenswood, Chicago(as Abbott Alkaloidal Company) in|
|Founder||Wallace Calvin Abbott|
|Headquarters||Abbott Park, Illinois, US|
|Products||Branded generic medicines|
|Revenue||US$43.7 billion (2022)|
|US$8.36 billion (2022)|
|US$6.93 billion (2022)|
|Total assets||US$74.4 billion (2022)|
|Total equity||US$36.7 billion (2022)|
Number of employees
|c. 115,000 (December 2022)|
|Footnotes / references|
Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products. It split off its research-based pharmaceuticals business into AbbVie in 2013.
Abbott's products include Pedialyte, Similac, BinaxNOW, Ensure, Glucerna, ZonePerfect, FreeStyle Libre, i-STAT and MitraClip.
Foundation and early history
In 1888 at the age of 30, Wallace Abbott (1857–1921), an 1885 graduate of the University of Michigan, founded the Abbott Alkaloidal Company in Ravenswood, Chicago. At the time, he was a practising physician and owned a drug store. His innovation was formulating the active part of alkaloid medicinal plants—morphine, quinine, strychnine and codeine—as tiny "dosimetric granules", producing more consistent and effective dosages for patients than the liquid preparations previously used, which deteriorated over time. In 1922, the company moved from Ravenswood to North Chicago, Illinois.
Abbott's first international affiliate was in London in 1907; the company later added an affiliate in Montreal, Canada. Abbott India Ltd was originally incorporated on August 22, 1944, as Boots Pure Drug Company (India) Ltd. The company name was changed to The Boots Company (India) Ltd on November 1, 1971, and to Boots Pharmaceuticals Ltd on January 1, 1991. On October 31, 1995, the name was changed to Knoll Pharmaceuticals Ltd and on July 1, 2002, to their present name Abbott India Ltd.I Abbott started operations in Pakistan as a marketing affiliate in 1948; the company has steadily expanded to comprise a work force of over 1500 employees. Currently, two manufacturing facilities located at Landhi and Korangi in Karachi continue to produce pharmaceutical products. In 1962 Abbott entered into a joint venture with Dainippon Pharmaceutical Co., Ltd., of Osaka, Japan, to manufacture radio-pharmaceuticals. In 1964, it merged with Ross Laboratories, making Ross a wholly owned subsidiary of Abbott, and Richard Ross gained a seat on Abbott's board of directors until his retirement in 1983. The acquisition of Ross brought Similac under the Abbott umbrella. In the years following the acquisition, Pedialyte and Ensure were introduced as nutritional products by Ross Laboratories while under Abbott's leadership.
In 1965, Abbott's expansion in Europe continued with offices in Italy and France.
According to Harvard professor Lester Grinspoon and Peter Hedblom, "In 1966 Abbott Laboratories sold the equivalent of two million doses of methamphetamine in powder form to a Long Island criminal dealer".
In 2001, the company acquired Knoll, the pharmaceutical division of BASF. In 2002, it divested the Selsun Blue brand to Chattem. Later in 2002, it sold Clear Eyes and Murine to Prestige Brands. In 2004, it acquired TheraSense, a diabetes-care company, which it merged with its MediSense division to become Abbott Diabetes Care. In 2006, Abbott assisted Boston Scientific in its purchase of Guidant Corporation purchasing the vascular device division of Guidant.
In 2007, Abbott acquired Kos Pharmaceuticals for $3.7 billion in cash. At the time of acquisition Kos marketed Niaspan (extended release niacin), and Advicor (niacin/lovastatin).
In 2007 the company was to sell two diagnostics divisions to General Electric, but the parties did not agree on the terms of the acquisition.
On 8 September 2007, the company sold the UK manufacturing plant at Queenborough to UK manufacturer Aesica Pharmaceuticals.
Abbott's Ross Products was renamed Abbott Nutrition in 2007.
In 2009 Abbott acquired Advanced Medical Optics of Santa Ana, California, selling it to Johnson & Johnson in 2017. In 2009, Abbott opened a satellite research and development facility at Research Park, University of Illinois at Urbana-Champaign.
In February 2010, Abbott acquired the pharmaceuticals unit of Solvay S.A. for US$6.2 billion (€4.5 billion), gaining many additional pharmaceutical products and an increased presence in emerging markets.
In 2010 the company acquired Hollywood, Florida-based laboratory information management system company STARLIMS for $123 million, $14 per share. That year Abbott said it would buy Piramal Healthcare of India's large generic drugs unit for $3.72 billion.
In 2004, Abbott spun off its hospital products division into a new 14,000 employee company, Hospira, which was acquired by Pfizer in 2015.
In October 2011, Abbott planned to separate into two companies, one for research-based pharmaceuticals (AbbVie) and the other for medical devices, generic drugs sold internationally, and diagnostics, with the latter retaining the Abbott name. Abbott Nutrition, whose products include Similac, Pedialyte, Glucerna, and Ensure, also retained the Abbott name. In preparation for the reorganization, Abbott made severe budget cuts and took a $478 million charge in Q3-2012. The separation was effective as of 1 January 2013, and AbbVie was listed in the New York Stock Exchange.
On 16 May 2014, it was announced that Abbott would acquire the holding company Kalo Pharma Internacional S.L. for $2.9 billion in order to secure the 73% it held of Chilean pharmaceutical company, CFR Pharmaceuticals, which the company said would more than double its branded generic drug portfolio.
In December 2014, the company acquired Russian pharmaceutical manufacturer Veropharm (Voronezh) in a deal worth $410 million, which included three manufacturing facilities. Abbott, which already employed 1,400 people in Russia, said it planned to set up a manufacturing presence in the country when the deal closed.
In September 2015, the company announced it had completed its acquisition of Tendyne Holdings, Inc., a private medical device company focused on developing minimally invasive mitral valve replacement therapies. Tendyne was acquired for a total transaction value of $250 million. In January 2020, the Tendyne Mitral Valve became the world's first commercially available solution for Mitral Valve Replacement Technology. Abbott obtained CE Mark for the device which now makes it possible to implant it in Europe outside of a clinical setting. The US clinical study for federal approval is still ongoing.
In February 2016, the company announced it would acquire Alere for $5.8 billion. In January 2017, Abbott announced it would acquire St. Jude Medical for $25 billion (each share receiving $46.75 in cash & 0.8708 shares of Abbott common stock, equating to an approximate value of $85). On 3 October 2017, the company closed the Alere acquisition making the surviving entity the market leader player in the $7 billion point-of-care diagnostic space within the broader $50 billion in-vitro diagnostics market with this takeover. With the acquisition of Alere, the company also obtained the subsidiary Arriva Medical, which is the largest mail-order diabetic supplier. Arriva Medical announced business closure after Abbott acquisition effective 31 December 2017.
In 2017, the FDA approved Abbott's FreeStyle Libre glucose monitoring system, which reads glucose levels through a self-applied sensor without finger pricks.
In August 2018, Reuters reported that Abbott Laboratories was among the top five companies for branded generic drugs in Russia.
In November 2018, Abbott received United States FDA clearance for FreeStyle LibreLink, a glucose reader smartphone app.
In January 2019 purchased Cephea Valve Technologies, Inc. which is developing a less-invasive replacement heart valve for people with mitral valve disease.
In March 2020, Abbott received emergency use authorization (EUA) from the US FDA for a SARS-CoV-2 test during the COVID-19 pandemic. The tester is small (comparable to a small toaster), and produces results within 13 minutes. Detroit received these tests on April 1, 2020. Also in March, the firm received EUA for a molecular COVID-19 test that runs on its m2000 RealTime lab-based platform. In April 2020, itt received EUA from the FDA for its third COVID-19 test, an antibody test that helps detect the IgG antibody to SARS-CoV-2 using the company's ARCHITECT laboratory instruments. In May 2020, it received EUA from the FDA for another lab-based COVID-19 antibody test that helps detect the IgG antibody to SARS-CoV-2 using the company's Alinity i system. Also in May, it received EUA from the FDA for a molecular COVID-19 test for use on the company's Alinity molecular laboratory instrument.
In August 2020, Abbott received EUA from the FDA for its credit-card-sized $5, 15-minute, portable COVID-19 antigen test, BinaxNOW, compatible with the NAVICA mobile app.
In October 2020, Abbott received EUA from the FDA for its lab-based COVID-19 IgM antibody blood test.
In December 2020, its rapid (20') antigen BinaxNOW COVID-19 test received EUA from the FDA for home use. Forbes reported in January 2021 that the firm had delivered more than 400 million COVID-19 tests, 300 million in the fourth quarter of 2020.
In September 2021, Abbott acquired Walk Vascular, LLC.
In January 2022, Abbott introduced Lingo, a line of consumer biowearable sensors that collects a range of biological readings to optimize exercise and nutrition regimens.
In May 2022, Abbott received 510(k) clearance from the FDA for FreeStyle Libre 3, the latest version of its continuous glucose monitor.
In August 2022, Abbott received FDA approval for Proclaim Plus, a multi-use spinal cord stimulation system designed to target chronic pain. The Proclaim Plus system is capable of treating six independent pain sites and has a recharge-free battery life of up to 10 years.
In October 2022, Abbott received EUA from the FDA for its real-time PCR test Alinity m MPXV; this marks the first FDA emergency authorization for commercial monkeypox testing.
Today, Abbott operates in over 160 countries.
- Abbott Laboratories (Est. 1885, Abbott Alkaloidal Company)
- Ross Laboratories (Acq 1964)
- SmithKline Beecham (Acq 1982, later sold)
- Knoll (Acq 2001)
- Selsun Blue (Sold to Chattem 2002)
- Murine (Sold to Prestige Brands2002)
- Clear Eyes (Sold to Prestige Brands2002)
- i-STAT (Acq 2004)
- TheraSense (Acq 2004)
- Guidant (vascular device division) (Acq 2006)
- IntraLase Corp (Acq 2007)
- Advanced Medical Optics (Acq 2009)
- Solvay Pharmaceuticals (Acq 2010)
- STARLIMS (Acq 2010)
- Lab Data Management Ltd (Acq 2008)
- IDEV Technologies (Acq 2013)
- OptiMedica Corporation (Acq 2013)
- Veropharm (Acq 2014)
- Topera, Inc (Acq 2014)
- Kalo Pharma Internacional S.L. (Acq 2014)
- Tendyne Holdings Inc. (Acq 2015)
- Alere (Acq 2016)
- Epocal, Inc. (Acq 2013)
- Arriva Medical (Acq 2012)
- St. Jude Medical (Est 1976, Acq 2016)
- Pacesetter, Inc. (Acq 1994)
- Daig Corporation (Acq 1996)
- Heart Valve Company (Acq 1996)
- Biocor Industria (Acq 1996)
- Ventritex (Acq 1997)
- Tyco International (Angio-Seal division) (Acq 1999)
- Endocardial Solutions (Acq 2005)
- Advanced Neuromodulation Systems (Acq 2005)
- MediGuide (Acq 2008)
- AGA Medical (Acq 2010)
- LightLab Imaging (Acq 2010)
- Nanostim Inc (Acq 2013)
- Endosense (Acq 2013)
- CardioMEMS Inc. (Acq 2014)
- Spinal Modulation (Acq 2015)
- Thoratec Corporation (Acq 2015)
- Apica Cardiovascular Limited (Acq 2014)
- Levitronix (Medical division) (Acq 2011)
- Getinge Group (Heat pump technology division) (Acq 2014)
- Thermo Cardiosystems (Acq 2010)
- Cephea Valve Technologies, Inc. (Acq 2019)
- Walk Vascular, LLC (Acq 2021)
- Cardiovascular Systems, Inc. (Acq 2023)
For the fiscal year 2021, Abbott Laboratories reported earnings of US$7.071 billion, with an annual revenue of US$43.075 billion, which grew 24.5% on an organic basis versus the year prior. Abbott's year-end 2021 stock price was $140.74.
in mil. US$
in mil. US$
in mil. US$
|Price per share
On 19 March 2019, it was reported that Abbott was a long-term user of the Double Irish tax structure, a legal but controversial Irish taxation tool used by US multinationals to reduce US corporate taxes on non-U.S profits. Abbott's Irish holding company, the Bermuda-resident Abbott Laboratories Vascular Enterprises (ALVE), employed no staff in 2017, but was responsible for distributing Abbot's products and licensing its technology worldwide. Newly filed accounts showed that ALVE was incorporated in 2003 and had a pre-tax profit of €2 billion in 2016 and 2017 on revenues of €5.2 billion; no taxation was paid on these profits. ALVE had never filed accounts in Ireland since 2003 as it was structured as an unlimited liability company (ULC); however, new EU accounts directives required ALVE to file Irish accounts in 2018. These accounts listed ALVE's registered office as the address of Ireland's largest tax-law firm, Matheson, who have been identified with Double Irish tax structures for Microsoft and Google.
In September 2021, the Irish Times reported that Abbott was using the Single Malt tax tool to shield profits on its COVID-19 testing kits.
Abbott's core businesses focus on diagnostics, medical devices, branded generic medicines and nutritional products, which have been supplemented through acquisitions.
As of 2021[update], the firm's divisions are:
- Nutrition: Pediatric nutrition (e.g., Similac, Isomil, and Gain), Adult Nutrition (e.g., Ensure and ZonePerfect) and special dietary needs (e.g., Glucerna and Juven)
- Diagnostics: core lab, molecular, point of care, rapid diagnostics and Informatics
- Medical devices: rhythm management, electrophysiology, heart failure, structural heart, neuromodulation, diabetes care
- Established Pharmaceuticals: branded generic drugs sold exclusively in developing markets
Miles D. White joined the company in 1984, holding positions including senior vice president of diagnostic operations, executive vice president, executive chairman, and CEO. In 1996, Robert B. Ford joined Abbott, holding various positions including executive vice president of the company's medical device business.
In November 2019, White announced that he was stepping down as CEO after 21 years. In March 2020, Robert B. Ford took over as president and CEO, and later chairman.
Abbott was ranked 86th on the Fortune 500 list of largest US-based corporations in 2022. Fortune also named Abbott as one of its Top 50 World's Most Admired Companies in 2021, among its Blue Ribbon companies in 2021, and to its Change the World list in 2020. In 2022, Abbott was ranked #10 in Fast Company’s Most Innovative Companies in Sports for Libre Sense and received an Honorable Mention for the World Changing Ideas Awards. The Galien Foundation named Abbott’s FreeStyle Libre as Best Medical Technology within the last 50 years (1970-2020).
The company has been listed on the Seramount/Working Mother's "100 Best Companies" list for 21 years in a row, named a top company for executive women by Seramount, and included on Science magazine's Top 20 Employers list. The company has also been recognized as a top company by DiversityInc for diversity within the company for 19 consecutive years (2004-2022) and has been included on the Dow Jones Sustainability Index for 18 consecutive years.
Pediatric nutrition products manufactured by Abbott Laboratories include:
Adult nutrition products manufactured by Abbott Laboratories include:
- Glucerna (Ensure Diabetes Care in India)
Diagnostics products manufactured by Abbott include:
- i-STAT (While intended for a human audience, the point of care analyzers also demonstrate utility for the veterinary profession and are marketed by Abaxis.)
- FreeStyle Libre
Cardiovascular devices manufactured by Abbott Laboratories include:
- Confirm Rx
- Amplatzer Piccolo Occluder
- Gallant ICD
Neuromodulation devices manufactured by Abbott Laboratories include:
- BurstDR Technology
- FlexBurst360 Technology
- Proclaim DRG Neurostimulation System
- Infinity Deep Brain Stimulation System
- Proclaim XR Recharge-Free Spinal Cord Stimulator
- NT2000IX Radiofrequency Generator
- Proclaim Elite Recharge-Free SCS System
- Prodigy MRI SCS System
Litigation and controversies
In March 2003, British company Cambridge Antibody Technology (CAT) stated its wish to "initiate discussions regarding the applicability of the royalty offset provisions for Humira" (Adalimumab) with Abbott Laboratories in the High Court of London. In December 2004, the judgment ruled for CAT.
Abbott was required to pay CAT US$255 million in lieu of royalties the MRC, the Scripps Research Institute and Stratagene would have received on sales of Humira after December 2004. Some of this sum was to be passed to its partners in development, including US$191 million for the UK Medical Research Council (MRC), plus a further $7.5 million over five years from 2006 providing that Humira remained on the market.
On 2 October 2012, the company was charged with a $500 million fine and $198.5 million forfeiture for illegal marketing of Depakote for uses not approved by the FDA. The court also sentenced Abbott to a five-year term of probation and court supervision. Shareholders then brought derivative suits against the company directors for breach of fiduciary duty. Following Abbott's spinoff of its research-based pharmaceuticals business, it no longer owns the commercial rights and associated responsibilities for Humira and Depakote.
In 2021, two of Abbott Laboratories' subsidiaries, Arriva Medical LLC and Alere Inc, had to pay $160m to resolve claims that they had fraudulently billed Medicare for glucose monitors. The US Department of Justice said that Arriva used free glucose monitors to induce patients to order more consumable supplies, then took kickbacks on the increased sales. The company was also accused of charging Medicare for glucose monitors given to patients who were ineligible, or even dead.
In October 2001, the US Department of Justice, states attorneys general, and TAP Pharmaceutical Products, a subsidiary of Abbott Laboratories, settled criminal and civil charges against TAP related to federal and state Medicare fraud and illegal marketing of the drug leuprorelin. TAP paid a total of $875 million, a record high pharmaceutical settlement. This comprised $290 million for violating the Prescription Drug Marketing Act, $559.5 million to settle federal fraud charges for overcharging Medicare, and $25.5 million reimbursement to 50 states and Washington, D.C., for filing false claims with the states' Medicaid programs. The case arose under the False Claims Act with claims filed by Douglas Durand, a former TAP vice president of sales, and Joseph Gerstein, a doctor at Tufts University's HMO practice. Durand, Gerstein, and Tufts shared $95 million of the settlement.
There have since been various suits concerning leuprorelin use, none successful. They either concern the oversubscription of the drug or lack of warning about its side effects. Between 2010 and 2013, the FDA updated the Lupron drug label to include new safety information on the risk of thromboembolism, loss of bone density and convulsions. The FDA then said that the benefits of leuprorelin outweighed its risks when used according to its approved labeling.From 2017 the FDA evaluated leuprorelin's connection to pain and discomfort in musculoskeletal and connective tissue.
In October 2003, Abbott Laboratories and two of its units agreed to pay a total of $600 million in the first combined civil settlement and criminal conviction for offering kickbacks to agents of "Operations Headwaters", an undercover investigation by the FBI.
In February 2022, Abbott recalled baby formulas from the market and shut down their Michigan plant after complaints of infants being sick with serious bacterial infections while consuming formula product made at the Sturgis plant. The recall caused a nationwide shortage of formula milk, with at least 73% of baby products out of stock according to data firm Datasembly. Following Abbotts' meeting the initial requirement of the U.S. Food & Drug Administration, the facility reopened in June 2022.
In 2015 Abbott became the title sponsor of the World Marathon Majors.
- List of Illinois companies
- List of largest biomedical companies by market capitalization
- List of pharmaceutical companies
- Clara Abbott
- 2022 United States infant formula shortage
Notes and references
- ^ Japsen, Bruce. "After 20 Years, Abbott Labs CEO Miles White Has Successor in Mind". Forbes.
- ^ "US SEC: Form 10-K Abbott Laboratories". U.S. Securities and Exchange Commission. 17 February 2023.
- ^ "Abbott Completes Separation of Research-Based Pharmaceuticals Business" (Press release). PR Newswire. 2 January 2013. Archived from the original on 14 January 2013.
- ^ "More than splitting pills: Health care giant Abbott Laboratories ready to spin off AbbVie". Chicago Tribune. 30 December 2012.
- ^ "Abbott Laboratories Company History". Funding Universe. Retrieved 17 April 2013.
- ^ "About Us".
- ^ Tribune, Chicago. "RICHARD MOORE ROSS, 77, ABBOTT LABS EXECUTIVE". Chicago Tribune.
- ^ "Ross Laboratories - Ohio History Central". ohiohistorycentral.org. Retrieved 2 April 2020.
- ^ Rose, Marla Matzer. "Abbott Labs plans $62 million investment in Columbus". The Columbus Dispatch. Retrieved 2 April 2020.
- ^ "Welcome Sherri Blanchard, M.D., to Douglas Primary Care - Casper, WY Oil City News". Oil City News. 10 January 2020. Retrieved 2 April 2020.
- ^ Grinspoon, Lester; Hedblom, Peter (1975). The Speed Culture: Amphetamine Use and Abuse in America. Cambridge, Massachusetts: Harvard University Press. p. 23. ISBN 9780674831926. OCLC 1362148.
- ^ Smith, Scott S. (11 January 2018). "Miles White's Bold Moves Made Abbott Laboratories A Global Force". Investor's Business Daily. Retrieved 25 December 2018.
- ^ Layne, Rachel; Lopatto, Elizabeth (11 July 2007). "GE, Abbott End $8.13 Billion Diagnostic Sale Deal (Update2)". Bloomberg News.
- ^ Wilson, Paul. "End of an era: Abbott retires Ross Products name". The Columbus Dispatch. Retrieved 2 April 2020.
- ^ "Johnson & Johnson completes $4.3B acquisition of Abbott Medical Optics in Santa Ana". Orange County Register. 28 February 2017.
- ^ "Abbott Labs leasing space in UI research park". The News Gazette.
- ^ Abbott Press Release (16 February 2010). "Abbott Completes Acquisition of Solvay Pharmaceuticals". Archived from the original on 12 March 2012. Retrieved 22 March 2012.
- ^ "Abbott Laboratories Feb 2010 Current Report, Form 8-K, Filing Date Feb 16, 2010" (PDF). secdatabase.com. Retrieved 27 December 2012.
- ^ Peter Loftus and Rumman Ahmed. "Abbott Labs to Buy Indian Business". The Wall Street Journal. Retrieved 26 September 2019.
- ^ Abbott 2011 annual report, p43
- ^ Higginbotham, Stacey (25 January 2004). "Abbott Labs to spin off unit". The Business Journals. Retrieved 2 April 2020.
- ^ Dabney, Jillian (9 September 2016). "Pfizer's Hospira Deal: Catching Up a Year Later". Market Realist. Retrieved 2 April 2020.
- ^ a b de La Mercedfirst2=Bruce, Michael; Japsen (19 October 2011). "Abbott Labs to Split into 2 Companies". The New York Times. Retrieved 26 September 2019.
- ^ Rockoff, Jonathan D. (20 October 2011). "Abbott to Split into Two Companies". The Wall Street Journal.
- ^ a b Frost, Peter (17 October 2012), "Abbott lays off 550", Chicago Tribune, archived from the original on 19 October 2012, retrieved 16 November 2012
- ^ Armstrong, Drew (2 January 2013). "AbbVie Rises on First Day of Trading After Abbott Spinoff". Bloomberg News.
- ^ a b c d e SA Transcripts (20 July 2016). "Abbott Laboratories (ABT) Miles D. White on Q2 2016 Results – Earnings Call Transcript". Seeking Alpha. Retrieved 22 July 2016.
- ^ Bloomberg Release (16 May 2014). "Abbott to acquire CFR Pharmaceuticals". Bloomberg News. Retrieved 16 May 2014.
- ^ Staff (15 June 2014). "Abbott Grows Branded Generics with $3.3B CFR Acquisition". News | Industry Watch. Genetic Engineering & Biotechnology News (Paper). Vol. 34, no. 12. p. 8.
- ^ "Abbott Acquires Veropharm To Expand Presence in Russia". Forbes. Retrieved 17 October 2019.
- ^ "Abbott Laboratories (ABT) Key Developments". Reuters.com. Archived from the original on 25 August 2011.
- ^ a b "Abbott Completes Acquisition of Tendyne Holdings, Inc. - Sep 2, 2015". Abbott MediaRoom. Retrieved 2 February 2020.
- ^ "Abbott's Tendyne Device Receives World's First CE Mark for Transcatheter Mitral Valve Implantation - Jan 30, 2020". Abbott MediaRoom. Retrieved 2 February 2020.
- ^ "Abbott to Acquire Alere for $5.8B". GEN. February 2016.
- ^ Michelle Cortez (1 February 2016). "Abbott's $5.8 Billion Deal for Alere Is Device Sector's Latest". Bloomberg L.P.
- ^ Michelle Cortez (28 April 2016). "Abbott to Buy St. Jude Medical in Deal Valued at About $25 Billion". Bloomberg L.P.
- ^ "Abbott-St. Jude Combination: Why It Makes Sense". Bloomberg L.P. 28 April 2016.
- ^ "Abbott to Gain from Alere's Takeover Due for Oct 3 Closure". GEN.
- ^ "Embattled Arriva Medical closes". GEN.
- ^ "FDA approves Abbott's Freestyle Libre glucose monitoring system". Medical Device Network. 29 September 2017. Retrieved 17 October 2019.
- ^ "Factbox: U.S. companies with exposure to Russia". Reuters. 9 August 2018.
- ^ "With new FDA clearance, Abbott Freestyle Libre users can ditch handheld readers for an app". Mobi Health News. November 2018. Retrieved 17 October 2019.
- ^ "Abbott To Acquire Cephea Valve Technologies, Inc". BioSpace.
- ^ "FDA Approves Abbott Laboratories Coronavirus Test, Company To Ship 150,000 Kits". International Business Times. 19 March 2020. Archived from the original on 20 March 2020.
- ^ Hauck, Grace. "'A game changer': FDA authorizes Abbott Labs' portable, 5-minute coronavirus test the size of a toaster". USA Today. Retrieved 30 March 2020.
- ^ Mufson, Steven. "The scramble for the rapid coronavirus tests everybody wants". The Washington Post. Retrieved 2 April 2020.
- ^ Burns, Matt (2 April 2020). "Detroit to be first to deploy Abbott Labs' 5-minute COVID-19 test, mayor says". TechCrunch. Retrieved 2 April 2020.
- ^ Newmaker, Chris (19 March 2020). "Abbott receives FDA emergency use authorization for coronavirus test". massdevice.com. Retrieved 13 April 2021.
- ^ a b Rachal, Maria (15 April 2020). "Abbott enters coronavirus antibody testing fray". medtechdive.com.
- ^ Slabodkin, Greg (11 May 2020). "Latest Abbott coronavirus antibody test receives FDA emergency use OK". medtechdive.com.
- ^ Perchetti, Garrett A.; Pepper, Gregory; Shrestha, Lasata; LaTurner, Katrina; Yae Kim, Da; Huang, Meei-Li; Jerome, Keith R.; Greninger, Alexander L. (July 2021). "Performance characteristics of the Abbott Alinity m SARS-CoV-2 assay". Journal of Clinical Virology. 140: 104869. doi:10.1016/j.jcv.2021.104869. ISSN 1386-6532. PMC 8118701. PMID 34023572.
- ^ Boyle, Annette (12 May 2020). "Two Abbott COVID-19 tests receive EUA". bioworld.com.
- ^ Newmarker, Chris (27 August 2020). "Abbott wins EUA for COVID-19 test that runs off a card". massdevice.com.
- ^ "This $5 rapid test is a potential game-changer in COVID-19 testing". abc7.com. 27 August 2020.
- ^ Whooley, Sean (13 October 2020). "Abbott wins FDA EUA for COVID-19 IgM antibody test". massdevice.com.
- ^ Perchetti, Garrett A.; Huang, Meei-Li; Mills, Margaret G.; Jerome, Keith R.; Greninger, Alexander L. (18 February 2021). Loeffelholz, Michael J. (ed.). "Analytical Sensitivity of the Abbott BinaxNOW COVID-19 Ag Card". Journal of Clinical Microbiology. 59 (3): e02880–20. doi:10.1128/JCM.02880-20. ISSN 0095-1137. PMC 8106729. PMID 33310764.
- ^ Kilgore, Tomi (16 December 2020). "Abbott Labs' at-home, $25 rapid COVID-19 test gets EUA from FDA". marketwatch.com.
- ^ Japsen, Bruce (27 January 2021). "Abbott Profits Rise As Covid-19 Diagnostic Sales Eclipse 400 Million Tests". Forbes.
- ^ "Abbott Expands Peripheral Vascular Offerings with Acquisition of Walk Vascular, LLC".
- ^ Andrea Park (6 January 2022). "Abbott unveils Lingo line of sports biosensors based on diabetes monitoring tech". Fierce Biotech.
- ^ Nick Paul Taylor (31 May 2022). "Abbott's Libre 3 glucose monitor gets FDA clearance as CGM market intensifies". MedTechDive.
- ^ Andrea Park (23 August 2022). "Abbott proclaims FDA approval of neurostimulator to treat pain in 6 areas at once". Fierce Biotech.
- ^ Nick Paul Taylor (10 October 2022). "Abbott lands FDA emergency authorization for first commercial monkeypox test". MedTechDive.
- ^ Baker Batte, Study finds quick way of testing for hepatitis B, retrieved 3 April 2020
- ^ a b "US SEC: Form 10-K Abbott Laboratories". U.S. Securities and Exchange Commission. 18 February 2022.
- ^ "Abbott Laboratories Revenue 2006–2021 | ABT". macrotrends.net.
- ^ a b c d e Peter Bodkin (19 March 2019). "How the IDA's top client used Ireland to siphon billions offshore tax-free". TheJournal.ie. Retrieved 19 March 2019.
Meanwhile, through a myriad of subsidiaries and system of inter-company charges involving a variation on the infamous so-called 'double Irish' structure, its local operations have also legally shaved their tax bills with the Exchequer despite pulling in huge sales.
- ^ Damian Paletta; Kate Linebaugh (15 October 2013). "Dublin Moves to Block Controversial Tax Gambit". The Wall Street Journal. Retrieved 19 March 2019.
At least 125 major U.S. companies have registered several hundred subsidiaries or investment funds at 70 Sir John Rogerson's Quay, a seven–story building in Dublin's docklands, according to a review of government and corporate records by The Wall Street Journal. The common thread is the building's primary resident: Matheson, an Irish law firm that specializes in ways companies can use Irish tax law.
- ^ Leahy, Pat (15 September 2021). "Pharma giant Abbott using Irish 'single-malt' scheme to avoid tax on profits". The Irish Times. Retrieved 16 September 2021.
- ^ Taylor, Cliff (15 September 2021). "How Abbott Labs devised its formula for 'single Malt' taxation". The Irish Times. Retrieved 16 September 2021.
- ^ a b "Overview". abbott.com. Retrieved 2 April 2020.
- ^ a b Dana Elfin. "Abbott names Robert Ford new CEO, ending Miles White's 21-year tenure in March". Medtechdive.
- ^ "Abbott CEO Miles White to step down in March". Retrieved 8 April 2020.
- ^ Andrea Park (13 December 2021). "Abbott elects CEO Ford chairman of the board as predecessor White retires after 40 years". Fierce BioTech.
- ^ "Fortune 500". Fortune.
- ^ "World's Most Admired Companies". Fortune.
- ^ "Fortune's Blue Ribbon Companies 2021". Fortune.
- ^ "Change the World". Fortune.
- ^ Jay Woodruff (8 March 2022). "The 10 most innovative companies in sports in 2022". Fast Company.
- ^ "These innovative projects are changing the health industry". Fast Company. 3 May 2022.
- ^ "Abbott FreeStyle Libre named 'best medical technology' in last 50 years by Galien Foundation".
- ^ "2022 100 BEST COMPANIES WINNERS". Seramount.
- ^ "2022 TOP COMPANIES FOR EXECUTIVE WOMEN WINNERS". Seramount.
- ^ "Abbott". Working Mother. Retrieved 2 April 2020.
- ^ "2020's Top Employers: Rapid response to COVID-19, diversity, and innovation". Science Magazine.
- ^ "2022 TOP 50 COMPANIES FOR DIVERSITY". DiversityInc.
- ^ "Abbott Achieves Highest Score in Its Industry for the Ninth Consecutive Year on the Dow Jones Sustainability Index (DJSI)". Bloomberg.
- ^ a b c "Our Products". abbott.com. Retrieved 2 April 2020.
- ^ Smith, Joseph (Joe); Varga, Anita; Schober, Karsten E. (2020). "Comparison of two commercially available immunoassays for the measurement of bovine cardiac troponin I in cattle with induced myocardial injury". Frontiers in Veterinary Science. 7: 531. doi:10.3389/fvets.2020.00531. ISSN 2297-1769. PMC 7481330. PMID 33062647.
- ^ Betsy Morris (25 August 2021). "Which Covid-19 Test Should You Get, Based on Your Needs". The Wall Street Journal.
- ^ "Cambridge Antibody Wins Lawsuit Against Abbott Labs (Update5) – Bloomberg". Bloomberg News.
- ^ "MRC to receive over USD200m". LifeArc. 26 October 2005. Retrieved 28 February 2022.
- ^ Abbott Labs to Pay $1.5 Billion to Resolve Criminal & Civil Investigations of Off-label Promotion of Depakote, Press Release, United States Department of Justice Office of Public Affairs, 7 May 2012. Retrieved 17 August 2014.
- ^ U.S. ex rel. McCoyd v. Abbott Laboratories, 1:07-cv-00081 (W.D. Va.); U.S. ex rel. Mulcahy v. Abbott Laboratories, 1:08-cv-0054 (W.D. Va.); U.S. ex rel. Dietzler v. Abbott Laboratories, 1:09-cv-00051 (W.D. Va.); U.S. ex rel. Spetter v. Abbott Laboratories, 1:10-cv-00006 (W.D. Va.).
- ^ "Abbott, Shareholders Agree To Settle Depakote Marketing Suit – Law360".
- ^ Krauskopf, Ransdell Pierson (21 October 2011). "Abbott ultra-bullish on Humira despite spinoff plan". Reuters.
- ^ Stempel, Jonathan (2 August 2021). "Abbott Labs to pay $160 mln over kickbacks, false diabetes claims to Medicare". Reuters. Retrieved 24 January 2022.
- ^ Charatan, Fred (13 October 2001). "Drug companies defrauded Medicare of millions". BMJ: British Medical Journal. 323 (7317): 828. doi:10.1136/bmj.323.7317.828a. ISSN 0959-8138. PMC 1121385. PMID 11597964.
- ^ a b c Petersen, Melody (4 October 2001). "2 Drug Makers to Pay $875 Million to Settle Fraud Case". The New York Times. ISSN 0362-4331. Retrieved 24 January 2022.
- ^ a b "#513: 10-03-01 TAP PHARMACEUTICAL PRODUCTS INC. AND SEVEN OTHERS CHARGED WITH HEALTH CARE CRIMES COMPANY AGREES TO PAY $875 MILLION TO SETTLE CHARGES". www.justice.gov. Retrieved 24 January 2022.
- ^ "What You Should Know About Lupron Class Action Lawsuit". Law Answer. 8 May 2021. Retrieved 28 February 2022.
- ^ "Abbott, AbbVie Defeat Long-Running Lupron Bone, Joint Suit (1)". news.bloomberglaw.com. Retrieved 28 February 2022.
- ^ "More women come forward with complaints about Lupron side effects". KTNV. 12 February 2019. Retrieved 28 February 2022.
- ^ "January - March 2017 | Potential Signals of Serious Risks/New Safety Information Identified by the FDA Adverse Event Reporting System (FAERS)". FDA. With updates; last update 6 January 2023.
- ^ "#613: 11-10-03 JUSTICE DEPT. CIVIL FRAUD RECOVERIES TOTAL $2.1 BILLION FOR FY 2003 FALSE CLAIMS ACT RECOVERIES EXCEED $12 BILLION SINCE 1986". www.justice.gov. Retrieved 24 January 2022.
- ^ "Explainer: What happened with Abbott baby formula that worsened a U.S. shortage?". Reuters. 17 May 2022. Retrieved 4 June 2022.
- ^ Aboulenein, Ahmed; Heavey, Susan (19 May 2022). "U.S. FDA says Abbott baby formula plant on track to reopen in 1-2 weeks". Reuters. Retrieved 4 June 2022.
- ^ "Baby formula shortage could ease as Abbott reopens Michigan plant". Reuters. 4 June 2022. Retrieved 4 June 2022.
- ^ "ABBOTT CELEBRATES THE POWER OF HEALTH AND ACHIEVEMENT AS FIRST-EVER TITLE SPONSOR OF WORLD MARATHON MAJORS". World Marathon Majors. Archived from the original on 4 March 2016. Retrieved 10 November 2015.
- Official website
- Business data for Abbott:
This article is a direct transclusion of the Wikipedia article and therefore may not meet the same editing standards as LIMSwiki.