Abbott Laboratories history, profile and corporate video
Abbott Laboratories engages in the discovery, development, manufacture and sale of a broad and diversified line of health care products. The company operates through five reportable segments: Proprietary Pharmaceutical Products, Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. The Proprietary Pharmaceutical Products segment includes adult and pediatricpharmaceuticals manufactured, marketed and sold worldwide and are generally sold directly to wholesalers, distributors, government agencies, health care facilities, specialty pharmacies, and independent retailers from Abbott-owned distribution centers and public warehouses. The Established Pharmaceutical Products segment includes branded generic pharmaceuticals manufactured, marketed and sold outside the United States and are generally sold directly to wholesalers, distributors, government agencies, health care facilities, specialty pharmacies, and independent retailers from its owned distribution centers and public warehouses, depending on the market served. The Diagnostic Products segment includes diagnostic systems and tests manufactured, marketed, and sold worldwide to blood banks, hospitals, commercial laboratories, clinics, physicians’ offices, government agencies, alternate-care testing sites, and plasma protein therapeutic companies. The segment’s products are generally marketed and sold directly from Abbott-owned distribution centers, public warehouses and third-party distributors. The Nutritional Products segment includes pediatric and adult nutritional products manufactured, marketed, and sold worldwide. Its products are generally marketed and sold directly to customers and to institutions, wholesalers, retailers, health care facilities, government agencies, and third-party distributors from owned distribution centers or third-party distributors. The Vascular Products segment includes coronary, endovascular, vessel closure, and structural heart devices for the treatment of vascular disease manufactured, marketed and sold worldwide. The segment’s products are generally marketed and sold directly to hospitals from Abbott-owned distribution centers and public warehouses. Abbott Laboratories was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.“
“Abbott Laboratories History
“For 125 years, Abbott has continually evolved to advance practices in medicine, science and technology—shaping new ways to help people lead healthier lives. The separation of our proprietary pharmaceutical business into the independent AbbVie marks the start of a new era for our company and our continued commitment to the people we serve.”
*Information from Forbes.com and Abbott.com
**Video published on YouTube by “8jprice“
