Information about Abbott Laboratories

Abbott Laboratories is a Chicago-based pharmaceutical company that manufactures and markets pharmaceuticals and medical products in over 90 countries. The company was ranked 69th on "The Fortune 500" list of the largest U.S. based corporations based on 2010 revenues.

In a 2010 report, Abbott states that emerging markets “…are expected to grow three times faster than developed markets, driven by evolving demographics, rising incomes, modernization of health systems and an increase in the treatment of chronic diseases. In 2010, we took a number of actions to further increase our emerging markets presence…We expect roughly one-third of our global pharmaceutical sales will come from high-growth emerging markets within five years, up from nearly 25 percent today.”[1]

According to Abbott, “The expiration of licenses, patent protection and generic competition can affect the future revenues and operating income of Abbott. There are currently no significant patent or license expirations in the next three years.”[2]

 

August 16, 2012-Pharmalot: Abbott Paid CEO More Than Taxes To Uncle Sam (links to pharmalot.com)