Abstract
Abbott' s medical devices include cardiovascular, spinal orthopaedic, blood
glucose monitoring and point-of-care diagnostic products. This report provides
a full review of the company' s activities.
Abbott Laboratories, headquartered in Illinois, USA, is a diversified
healthcare company engaged in the development, manufacture and marketing of
pharmaceutical, nutritional, diagnostic and medical device products. Abbott
markets its products in over 130 countries, employs nearly 67,000 people and
generated revenue of US$22.5 billion in fiscal 2006.
This profile focuses on Abbott' s medical devices which include a range of
vascular, spinal, blood glucose monitoring and point-of-care diagnostic
products, all of which it has acquired in recent years. The company also
offered a broad range of medication delivery systems such as electronic
drug-delivery systems, infusion therapy and critical care products, but
spun-off these operations into a publicly-traded company, Hospira, in April
2004.
Currently, Abbott' s medical device businesses are as follows:
Abbott Vascular - Formed by Abbott acquiring several product lines from
bankrupt Jomed, as well as Biocompatibles' coronary and peripheral
interventional business, Integrated Vascular Systems and Perclose.
Significantly expanded in April 2006 through the acquisition of Guidant' s
vascular intervention and endovascular solutions businesses, including the
Xience V drug-eluting stent (DES). Abbott Vascular now offers interventional
cardiology products, devices for biliary and peripheral intervention, carotid
stent and embolic protection systems, and vascular closure products.
Abbott Spine - Formed after the acquisition of Spinal Concepts and
expanded in October 2004 by the acquisition of Spine Next. Based in Austin,
Texas, USA, and Bordeaux, France. Offers the Wallis dynamic stabilisation
device outside the US, as well as products for thoracolumbar fixation,
cervical plates and other traditional products for spinal fusion surgeries.
Abbott Diabetes Care - Includes the acquired companies, TheraSense and
MediSense. Based in Alameda, California, USA, it offers glucose monitoring
systems and test strips for use in home and hospital settings. Its brands
include Precision and FreeStyle.
Abbott Point-of-Care - Formed through the acquisition of i-STAT in
January 2004. It offers a hand-held analyser and single-use cartridges that
include tests for electrolytes, metabolytes, blood gases, coagulation and
cardiac markers that deliver results at the patient' s bedside. Based in East
Windsor, New Jersey, USA.
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