Abbott Laboratories
Brief:
Abbott Laboratories is one of the largest providers and manufacturers of medical devices and healthcare products. It has its headquarter in Abbott Park, Illinois, USA. Abbott Laboratories, a subsidiary of Abbott Pharmaceuticals, Inc., is a leader in the development, manufacture, and sale of pharmaceuticals and medical devices. This company is a pioneer in the research and development of new products and services for the health and well-being of people worldwide. (logo rights reserved with Abbot Laboratories)
Board of Directors:
- Munir Shaikh – Chairman
- Anil Joseph – Managing Director
- Anisha Motwani – Independent Director
- Sudarshan Jain – Independent Director
- Shalini Kamath – Independent Director
- Ambati Venu – Non-Executive Director
- Kaiyomarz Marfatia – Non-Executive Director
- Rajiv Sonalker – Whole-time Director
Therapeutic Categories:
Abbott offers formulations in various therapeutic areas, such as neuro-Psychiatric, pain management, respiratory women health, hepatic, neuroscience, metabolic, vaccine, gen-next, consumer care, and gastroenterology.
Brands:
The brands associated with the company are Similac, Pediasure, Pedialyte, Elecare, zone perfect, Ensure, FreeStyle Libre, and Glucerna.
Market Performance:
In 2019, the worldwide sales of the company were $31.9B, with organic sales growth 33%. The adjusted earnings per share per growth was 12.5%. Abbott India Ltd. key Products/Revenue Segments include Injectables which contributed 40.97 % of Total Sales, Tablets which contributed 38.64 % of Total Sales, Liquids which contributed 13.93 % of Total Sales, Capsules which added 3.54 % of Total Sales, Service Income which added 0.59 % of Total Sales, and Ointments which added 0.43 % of Total Sales. It reported a standalone revenue of $1.1 billion, or $0.01 per share (quarter ended March 31, 2020). Revenue of about $2.2 billion is reported for the first quarter of 2019.
Incorporates in the Year:
2016:
- Abbott has been awarded the Shingo Prize for operational excellence.
2017:
- The company was named among the top 10 businesses on Fast Company’s list.
- National Association for Female executive has named Abbott as the top company for executive women.
2019:
- Listed as number 158 on the Forbes Global 2000 list of the world’s largest companies based on revenues.
Contact Details:
CORPORATE OFFICE
16th Floor, Godrej BKC,
Plot – C, “G” Block,
Bandra-Kurla Complex,
Bandra (East), Mumbai – 400 051
India
Tel: +91-22-5046 1000 / 2000
Fax: +91-22-5016 9400
- Reference:
1. Abbott official website - 2. Abbott acquisition history