Abbot Laboratories

Abbot Laboratories is the second of two firms formed by the 2013 split of the original Abbot Laboratories. Abbot Laboratories is responsible for the diagnostic and medical technology side of the company, while AbbVie is responsible for pharmaceutical research.

Abbot Laboratories is ranked number six on our list of the top ten pharmaceutical businesses in the United States. Abbott Laboratories, founded in 1888 and headquartered at the Abbott Park Business Center in Lake Bluff, Illinois, sells medical equipment, diagnostics, branded generic drugs, and nutritional items. HIV, hepatitis, cancer, heart failure, and metabolic disorders are among the conditions for which Abbott's products are used to diagnose and monitor.

Abbot Laboratories had a revenue of $31.9 billion in 2019 and employed roughly 107,000 people in December of the same year. Abbot's worldwide sales of $7.7 billion in the first quarter of 2020 climbed 2.5 percent on a reported basis and 4.3 percent organically. The company's worldwide sales of $7.3 billion in the second quarter of 2020 fell 8.2 percent on a reported basis and 5.4 percent organically, excluding the impact of foreign exchange. Global sales of $8.9 billion in the third quarter of 2020 climbed 9.6% on a reported basis and 10.6% on an organic basis, excluding the impact of foreign exchange.

Founded: 1888

Headquarters: Chicago, Illinois, United States

Market cap: 227.14B USD

Website: https://www.abbott.com/