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ABBOTT LABORATORIES is an Illinois corporation, incorporated in 1900. Since then, Abbott has evolved into a diversified health care company whose principal business is the discovery, development, manufacture, and sale of a broad and diversified line of health care products and services – from prevention and diagnosis to treatment and cure. The Company is headquartered in north suburban Chicago, and distributes its products around the world in the more than 130 countries. The Company’s main focus is in the areas of pharmaceuticals, nutritionals, hospital products and diagnostics, which has enabled Abbott to provide integrated solutions across the health care spectrum for some of the world’s most prevalent medical conditions, including AIDS, cancer and diabetes. Abbott has five reporting revenue segments:
Pharmaceutical Products, Diagnostic Products, Hospital Products, Ross Products,
and International. Abbott also has a 50 percent owned joint venture, TAP
Holdings Inc. 1. Pharmaceutical Products. This segment's products include a broad line of adult and pediatric pharmaceuticals which are sold primarily on the prescription or recommendation of physicians. This segment markets its products in the
United States. These products are generally sold directly to wholesalers,
government agencies, health care facilities, and independent retailers from
Abbott-owned distribution centers and public warehouses. Primary marketing
efforts for pharmaceutical products are directed toward securing the
prescription of Abbott's brand of products by physicians. Managed care
purchasers (for example, health maintenance organizations and pharmacy benefit
managers) are increasingly important customers. 2. Diagnostic Products. This segment's products include diagnostic systems and tests for blood banks, hospitals, commercial laboratories, alternate-care testing sites, and consumers. This segment markets its products
worldwide. These products are generally marketed and sold directly to hospitals,
laboratories, and physicians' offices from Abbott-owned distribution centers and
public warehouses. Outside the United States, sales are made either directly to
customers or through distributors, depending on the market served. 3. Hospital Products. This segment's products include drugs and drug delivery systems, intensive care products, cardiovascular products, renal products, oncology products, intravenous and irrigation solutions, related manual and electronic administration equipment, and diagnostic imaging products for hospitals and alternate-care sites. This segment markets its products in the
United States. They are generally distributed to wholesalers and directly to
hospitals from Abbott-owned distribution centers and public warehouses. This
segment also develops and manufactures products for other companies. 4. Ross Products This segment's products include a broad line of adult and pediatric nutritionals. These products are sold primarily on the recommendation of physicians or other health care professionals. The segment also includes specialty pharmaceuticals and consumer products. This segment markets its products in the United States. Nutritional products are generally sold directly to retailers, wholesalers, health care facilities, and government agencies. In most cases, they are distributed from Abbott-owned distribution centers or public warehouses. This segment's pharmaceutical products are
generally sold directly to physicians, retailers, wholesalers, health care
facilities, and government agencies. In most cases, they are distributed from
Abbott-owned distribution centers or public warehouses. This segment's products include a broad line of hospital, pharmaceutical, and adult and pediatric nutritional products marketed and primarily manufactured outside the United States. These products are sold primarily on the prescription or recommendation of physicians and other health care professionals. This segment also includes consumer products. This segment's pharmaceutical and
nutritional products are generally sold directly to government agencies,
retailers, wholesalers, and health care facilities. In most cases, they are
distributed from Abbott-owned distribution centers. This segment's hospital
products are generally distributed to wholesalers and directly to hospitals from
distribution centers maintained by Abbott. TAP Holdings Inc. Under an agreement between Abbott and Takeda Chemical Industries, Ltd. of Japan (Takeda), TAP Holdings Inc. (owned 50 percent by Abbott and 50 percent by an affiliate of Takeda), together with its subsidiary, TAP Pharmaceuticals Inc. (TAP), develops and markets pharmaceutical products for the United States and Canada. TAP's products are generally sold directly
to physicians, retailers, wholesalers, health care facilities, and government
agencies. In most cases, they are distributed from Abbott-owned distribution
centers. The Company's Common Stock is traded on The NASDAQ Stock Market under the symbol "ABT" ![]() |