What is the Brand Abbott Laboratories?

what is the brand Abbott Laboratories

What is the brand Abbott Laboratories? The brand name is used by the pharmaceutical company to describe several health products and services. This company is a well-known name in the healthcare industry. In addition to drugs, Abbott Laboratories also produces diagnostic testing equipment and consumer products. Its history is dotted with events, including the recall of 3.4 million intravenous solutions due to the use of cyclamates.

Founded in 1879, the company develops and manufactures health care products for patients all over the world. Abbott operates through four segments: Diagnostic Products, Nutritional Products, Medical Devices, and Health Care Services. Its range of health care products includes generic pharmaceuticals, diabetes products, and pain management tools. In addition to these, the company also manufactures a number of products for laboratory use, including glucose meters and insulin pumps. It also produces a variety of products for children, including Pediasure, Alinity, Ensure, and Prosure.

The company’s history can be traced back to the late 1800s when Dr. Wallace Calvin Abbott founded the Abbott Alkaloidal Company. He had graduated from the University of Michigan in 1885, and was a practicing physician and drug store owner at the time. His innovation was the incorporation of the active ingredient in a medicinal plant (generally an alkaloid) into tiny “dosimetric granules” for more consistent dosages. In 1922, the Abbott Alkaloidal Company relocated to North Chicago and eventually expanded to Europe in 1965.

In the 1980s, Abbott failed to increase its earnings and faced the risk of being acquired by a larger rival. The brand expanded via acquisitions in the 1990s, starting with the purchase of MediSense, Inc., a maker of blood-testing devices for diabetics. The deal was valued at $867 million, making it Abbott’s largest acquisition since 1964. This acquisition has resulted in a raft of new products and services for patients.