To The Moon

Hey, this is Stock_Pedia.

I would like to introduce some unfamiliar companies that may be of some help to your investments.

The company I’m going to introduce is Abbott Laboratories$Abbott Laboratories(ABT)$ .

It went public on 1929.

[Company Profile]

Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. Abbott Laboratories was founded by Chicago physician Wallace Calvin Abbott in 1888.

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices.

Among its well-known products across the medical devices, diagnostics, and nutrition product divisions are Pedialyte, Similac, BinaxNOW, Ensure, Glucerna, ZonePerfect, FreeStyle Libre, i-STAT and MitraClip.

[History & Events]

In 1888, Wallace Abbott founded the Abbott Alkaloidal Company in Ravenswood, Chicago.

In 1894, incorporated as the Abbott Alkaloidal Company. Abbott is a medical publisher as well as a manufacturer.

In 1907, expansion outside the United States for the first time with an office in London, England.

In 1964, acquisition of M&R Dietetics, with its popular baby formula, Similac, makes us a leader in nutrition.

In 1965, Abbott's expansion in Europe continued with offices in Italy and France.

In 2001, the company acquired Knoll, the pharmaceutical division of BASF.

In 2004, it acquired TheraSense, a diabetes-care company, which it merged with its MediSense division to become Abbott Diabetes Care.

In 2004, Abbott spun off its hospital products division into a new 14,000 employee company, Hospira. Hospira was later acquired by Pfizer in 2015.

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.

In 2009, the company completed its acquisition of Advanced Medical Optics based in Santa Ana, California.

In 2010, Abbott completed its $6.2 billion (EUR 4.5 billion) acquisition of the pharmaceuticals unit of Solvay S.A.

In 2010, the company completed its acquisition of a Hollywood, Florida-based laboratory information management system company STARLIMS.

In 2011, Abbott planned to separate into two companies, one for research-based pharmaceuticals and the other for medical devices, generic drugs sold internationally, and diagnostics, with the latter retaining the Abbott name.

In 2012, Abbott Nutrition announced that the spun-off research-based pharmaceuticals company would be named AbbVie.

In 2013, AbbVie was officially listed in the New York Stock Exchange on 2 January.

In 2014, Abbott announced that it acquired 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.

In 2014, the company acquired Russian pharmaceutical manufacturer Veropharm (Voronezh) in a deal worth $410 million, which included three manufacturing facilities.

In 2015, the company announced it had completed its acquisition of Tendyne Holdings, Inc., a private medical device company.

In 2016, the company announced it would acquire Alere for $5.8 billion.

In 2017, in its largest acquisition ever, Abbott acquires St. Jude Medical, adding breakthrough inventions and extensive expertise across the areas of cardiovascular and neuromodulation.

In 2017, Abbott acquires Alere Inc., making Abbott the leader in point-of-care diagnostic technology filling out its array of diagnostics technologies.

In 2020, following the outbreak of the COVID-19 pandemic, Abbott quickly launches multiple new COVID-19 diagnostic tests.

In 2021, the business announced it would acquire Walk Vascular, LLC.

[Main Business Segments]

​[Net Income & Total Revenue]​

​[Competitors]

Medtronic$Medtronic PLC(MDT)$  

Stryker$Stryker(SYK)$  

Intuitive Surgical $Intuitive Surgical(ISRG)$ 

Becton, Dickinson$Becton Dickinson(BDX)$ 

Edwards Lifesciences$Edwards Lifesciences(EW)$  

Boston Scientific$Boston Scientific(BSX)$