History of Abbott Laboratories
Abbott was founded in 1927 and is headquartered in California, USA. It is a company dedicated to producing health care products. Founded by E. R. Squibb and Ralph Falk, it was originally named \”Squibb Corporation\” and mainly produced antibiotics and other drugs. In 1955, the company changed its name to \”Baxter Laboratories\” and listed on the New York Stock Exchange.
By 1961, Abbott Laboratories, which was commissioned by the U.S. Navy Health Department to manufacture carrier solutions and intravenous solutions, became a NASA partner and was responsible for health care issues during a two-month human spaceflight mission. Later, Abbott teamed up with other companies to jointly develop in-flight medical equipment.
In the 1970s, Abbott entered the field of medical diagnostics. The differentiated company option was proposed in 1971. Since then, Abbott has also divested its pharmaceutical divisions and laboratory companies to focus on the production of medical diagnostic equipment and consumables. In the 1980s and 1990s, Abbott further expanded its business scope, providing medical diagnostic equipment from blood and nutrition testing to a variety of fields including cancer testing and genetic testing.
Abbott\’s business scope
Today, Abbott\’s business scope covers two main areas: medical diagnostics and nutrition.
Medical Diagnosis Field
Abbott provides a wide range of medical equipment and consumables in the field of medical diagnostics for conducting a variety of tests, including blood, metabolic levels, heart health, infectious disease testing and more. Abbott\’s medical diagnostic equipment includes electrochemical and fluorescent immunoassay instruments, as well as consumables for these devices, such as blood volume meters, blood glucose testers, pH meters, separation membranes and reagents. These equipment and consumables are used in hospitals, medical clinics and laboratories around the world, providing a variety of testing services.
Nutrition
Abbott Laboratories also offers a variety of products and services in the nutrition field. Abbott manufactures a range of diagnostic and nutritional products, including liquid diets, fish oils, protein drinks, energy drinks and other nutritional supplements.
Abbott\’s innovation and technology research and development
Abbott has always been committed to innovation and technology research and development. The company\’s research focuses on discovering, inventing and developing new technologies and products aimed at improving people\’s health and quality of life. The company invests hundreds of millions of dollars in research and development, with R&D centers located in the United States, Japan, Europe and China.
The company\’s R&D focus is to improve the reliability and accuracy of medical equipment, strengthen test speed and test range, and develop new detection methods and technologies. Now, Abbott is actively researching and developing new digital and wireless technologies for health care applications. In recent years, Abbott has focused on artificial intelligence and big data, and by continuously optimizing its technology and products, it has enabled customers to receive simpler, more comprehensive and more efficient medical diagnostic services.
Abbott Corporation’s Social Responsibility
Abbott has always attached great importance to social responsibility. The company drives healthcare, technological innovation and sustainable development globally. In terms of health care, the company is committed to promoting healthy lifestyles, helping people increase awareness of disease prevention and providing better health diagnostic services.
In science and technology innovation, the company collaborates with the public and private sectors to explore the latest technologies and therapies by creating communities and partnerships. The company invests globally to support innovation and business expansion, and promotes technological innovation and entrepreneurship in multiple fields.
In terms of sustainable development, Abbott implements responsible business practices throughout the supply chain and strives to reduce environmental impact and waste of resources, while working with local communities to support social and economic development.
Full text summary
Abbott was founded in 1927 to initially produce antibiotics and other pharmaceuticals, and later developed into a company that mainly produces medical diagnostic equipment and consumables. Today, Abbott Laboratories provides a variety of products and services in medical diagnostics and nutrition. Abbott focuses on research and development, actively explores technological innovation, and attaches great importance to social responsibility. Abbott is committed to providing better healthcare services to people around the world and promoting sustainable development and innovation in a variety of fields.
