Abbot Laboratories

Abbot Laboratories is the second of two companies that resulted from the first Abbot Laboratories' separation in 2013. Abbot Laboratories is in charge of the company's diagnostic and medical technology divisions, while AbbVie is in charge of pharmaceutical research.

On our list of the top 10 pharmaceutical companies in the United States, Abbot Laboratories is rated sixth. Abbott Laboratories, which was founded in 1888 and is based in Lake Bluff, Illinois, distributes medical equipment, diagnostics, branded generic pharmaceuticals, and nutritional products. Abbott's products are used to diagnose and monitor illnesses such as HIV, hepatitis, cancer, heart failure, and metabolic disorders.

In December of the same year, Abbot Laboratories had a revenue of $31.9 billion and employed around 107,000 employees. In the first quarter of 2020, Abbot's worldwide sales of $7.7 billion increased 2.5 percent on a reported basis and 4.3 percent organically. In the second quarter of 2020, the company's worldwide sales of $7.3 billion declined 8.2 percent on a reported basis and 5.4 percent organically, excluding the impact of foreign exchange. In the third quarter of 2020, global sales of $8.9 billion increased 9.6% on a reported basis and 10.6% organically, excluding the impact of foreign exchange.

Founded: 1888
Headquarters: Chicago, Illinois, United States
Market cap: $194.37B AUD ($143.91B USD)
Website: https://www.abbott.com/