Abbott
Laboratories
Develops pharmceutical
and medical products.
Headquarters:
100 Abbott Park Rd.
Abbott Park, IL 60064
Employees: 65,000
CEO: Miles White
Stock Symbol: ABT
Website:
http://www.abbott.com
Company News
Career
Site
Founded in 1900 by Dr. Wallace Calvin Abbott,
a Chicago physician, Abbott Laboratories has emerged as one of
the world's top health care companies. Today, Abbott discovers,
develops, manufactures, and markets products and services that
span the continuum of care from prevention and diagnosis,
to treatment and cure.
More than 5,000 Abbott scientists around
the world are committed to developing new, innovative health
care technologies in the key therapeutic areas of: diabetes,
pain management, respiratory infections, HIV/AIDS, men's and
women's health, pediatrics and animal health. In 2006, Abbott
devoted more than $2.3 billion on research and development.
HUMIRA is the company's top-selling drug
and is used to treat rheumatoid arthritis, psoriatic arthritis,
ankylosing spondylitis and Crohn's disease.
Abbott serves customers in over 130 countries.
It has more than 100 manufacturing, distribution, research and
development, and other locations around the world.
The company had total sales of $25.9 billion
in 2007 and net income of $3.6 billion.
In the fourth quarter, U.S. pharmaceutical
sales increased 16.6 percent and international pharmaceutical
sales increased 21.3 percent, driven by double-digit growth in
HUMIRA, Kaletra and TriCor, and including $179 million of Niaspan
sales. HUMIRA achieved full-year worldwide sales in excess of
$3 billion in 2007 and the company forecasts global sales for
HUMIRA of approximately $4 billion in 2008.
Benefits
Abbott offers employees a pension plan,
matching 401(k), and cash profit sharing.· Comprehensive benefits package includes health,
dental, life and longterm disability insurance.
The company recognizes a total of 11 holidays
each year, including standard holidays and companydesignated
holidays. In addition, Abbott offers paid vacation of three weeks
per year for new employees (prorated in the first year, based
on date of hire).
Abbott opened a $10-million child care
center at its corporate headquarters in 2001. The child care
center is the largest in the state of Illinois. The company also
offers an all-day kindergarten program.
Updated January 24, 2008
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