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Abbott Laboratories

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  • Abbott Laboratories, founded in 1888 by Dr. Wallace C. Abbott, is a pharmaceutical company with operations in 130 countries. In 1985, they were credited with developing the first HIV blood screening test.
  • Fast Facts

    1. Stock symbol: NYSE: ABT
    2. Annual revenue (2007): $25.914 billion US
    3. Founder: Dr. Wallace C. Abbott
    4. Year Established: 1888
    5. Industry: Pharmaceuticals
    6. U.S. Corporate Phone: (847) 937-6100
    7. Canada Corporate Phone: (800) 361-7852
    8. HQ: Abbott Park, North Chicago, Illinois
    9. CEO: Miles D. White
    10. Staff: 68,000
    11. Products: Pharmaceutical products, medical devices, diagnostic assays, nutritional products and animal health products
  • Key Dates

    1888: Abbott Laboratories Founded 1985: Developed the first HIV blood screening test 2001: Acquired Knoll 2004: Hospira Founded 2007: Sold their in vitro diagnostics and Point-of-Care diagnostics divisions to GE
  • Controversy

    Abbott Laboratories was thrust into the spotlight in December 2008 when it's name appeared on a list of donors to the William J. Clinton Foundation. The New York Post highlighted the pharmaceutical company in an article listing it among "dubious" donors of the foundation.New York Post: Bill's Dubious Donors (December 21, 2008)
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