Abbott Laboratories (Abbott) discovers, develops, manufactures and sells a diversified range of healthcare products, including branded generic pharmaceuticals, diagnostic systems and tests, and pediatric and adult nutritional products. The company operates through four reportable segments – Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. Its Established Pharmaceutical Products include branded generic pharmaceuticals such as products for gastroenterology, women’s health, pain and central nervous system, cardiovascular and metabolic products, and respiratory drugs and vaccines. Key products in the Diagnostic Products segment include core laboratory systems in the areas of immunoassay, clinical chemistry, haematology, and transfusion medicine; molecular diagnostics polymerase chain reaction (PCR) instrument systems; point of care systems; rapid diagnostics lateral flow testing products in the area of infectious diseases such as SARS-CoV-2; and informatics and automation solutions for use in laboratories. Nutritional products consist of various forms of infant formula and follow-on formula, including Similac, Similac 360 Total Care, and Similac Pro-Advance; adult and other pediatric nutritional products, including Ensure, Juven, Abound, Pedialyte, and Zone Perfect; and nutritional products used in enteral feeding in health care institutions such as Jevity and Vital. The Medical Devices segment includes rhythm management, electrophysiology, heart failure, vascular, and structural heart devices for the treatment of cardiovascular diseases, diabetes care products for people with diabetes, and neuromodulation devices for the management of chronic pain and movement disorders.
Abbott’s research and development team (R&D) focuses primarily on pediatric and adult nutrition areas comprising gastrointestinal/immunity health, brain health, mobility and metabolism, user experience platforms, and the development of diagnostic products for infectious disease, cardiometabolic disease, and toxicology.