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Overview
Abbott Laboratories is an American multinational healthcare company that specializes in the development, manufacturing, and sale of pharmaceuticals, medical devices, and diagnostic products. It was founded in 1888 by Chicago physician Wallace Calvin Abbott and has its headquarters in Abbott Park, Illinois. Today, Abbott Laboratories is one of the largest and most diversified healthcare companies in the world, with a presence in more than 160 countries. It is divided into four main business segments: Established Pharmaceuticals, Nutritionals, Medical Devices, and Diagnostics. The company's pharmaceutical division focuses on developing and manufacturing prescription drugs for various therapeutic areas such as cardiovascular, neuroscience, and immunology. Its nutritional division is known for producing a wide range of nutritional products, including infant formula, adult nutrition, and diabetes care products. Abbott Laboratories also has a significant presence in the medical device industry, producing products such as diabetes care devices, cardiovascular devices, and vision care products. Its diagnostics division offers a variety of laboratory instruments, reagents, and assays for the detection of diseases. In addition to its core healthcare products, Abbott Laboratories also has a strong commitment to improving global health, particularly in developing countries. The company invests millions of dollars in programs and partnerships aimed at combating health issues like HIV/AIDS, malnutrition, and maternal and child health. Overall, Abbott Laboratories has a long history of innovation and a strong commitment to improving people's lives through its products and initiatives. It continues to be a leader in the healthcare industry, constantly evolving and adapting to the changing needs of patients and healthcare providers.
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