Company Overview Visit abbott.com website
Abbott Laboratories is an American pharmaceutical company that produces primarily in vitro diagnostics but has a substantial number of products in more than 150 countries including nutritional products. The company was founded by Chicago physician Dr Wallace Calvin Abbott and his brother-in-law, John Gerald Elaine. Abbott has the headquarters of its medical devices division located in Santa Clara, California. It manufactures infant formulas (including Mead Johnson), medical diagnostic equipment, drug distribution and delivery systems (Abbott Point of Care) along with diagnostic imaging agents for magnetic resonance imaging (MRI).
The early history of the company began with Dr Wallace Abbott working at Armour & Company where he developed the first simple test to diagnose diabetes. This work led him towards founding his own laboratory. That same year Dr Franklin Clarence Mars worked with brother John at the confectionery business which later became Mars, Incorporated. Dr Wallace Abbott's 1922 test for detecting sugar in urine was instrumental in freeing John from jail during the prohibition era.
Through the years this company has branched out into different areas of health care, liquidating or selling certain obsolete businesses along the way. These include infant formula (first made in 1988) and medical diagnostic equipment (in 1991). Abbott Point of Care founded in 1999, is a leader in point-of-care testing (POCT) devices located in North Chicago, Illinois. Abbott Nutrition manufactures nutritional products like Ensure meal replacement shakes and nutrition supplements like Boost high protein drink powder; Ensure; Sustacal; Resource;