A giant in health care
Abbott was founded by a young Chicago physician, Dr. Wallace Calvin Abbott, in 1888. Nowadays, Abbott's Pharmaceutical Products Group is a major global player, spending more than $1 billion on research and innovative health care solutions. The company's many divisions span three important worldwide markets. Abbott's Ross Products Division develops and markets nutritional products for the United States. Abbott International manages these products outside the U.S.A.
Adult Nutritionals Abbott manufactures products for healthy adults on a balanced nutrition plan and foods for those who suffer from diabetes, cancer, renal disease, respiratory conditions, or who have special dietary needs. The Abbott Meridia diet pill is dedicated to people who need or wish to lose weight.
Domains
Abbott is highly involved in diabetes, pain management, respiratory infections, HIV/AIDS, men's and women's health, pediatrics and animal health. These are the medicines manufactured by this major pharmaceutical company:
- AIDS/Anti-Viral Drugs
- Antibiotics for respiratory infections and skin infections
- Cardiovascular medicines, including anti-hypertensive drugs
- Gastrointestinal Drugs
- Drugs for diseases of the immune system (including rheumatoid arthritis)
- Metabolic Diseases: management of obesity and thyroid problems
- Pain management drugs
- Pediatric and Neonatal Pharmaceuticals medication
- Intensive care drugs: anesthetic agents, neuromuscular blockers, sedatives
- Medicines for renal(injectable vitamin D agent to treat complications of end-stage renal disease.
Abbott's Pharmaceutical Products Group is Number 11 in the Top 50 Pharma Companies Pharmaceutical Executive and number 48 in the Top 500 American Companies Forbes Magazine. Annually since 1984, Fortune Magazine has designated this company as one of America's Most Admired Companies.