- Business
- Abbott Laboratories Abbott Laboratories is a multinational medical devices and health care company that develops, manufactures and markets a broad range of products including diagnostic systems such as ARCHITECT clinical chemistry and immunoassay analyzers, Alinity platforms, i-STAT point-of-care analyzers, ID NOW molecular diagnostics and BinaxNOW rapid tests; nutritional products encompassing pediatric formulas like Similac, Isomil, Pedialyte and PediaSure alongside adult nutritionals including Ensure, Glucerna, ZonePerfect and Juven; medical devices comprising cardiovascular solutions such as MitraClip structural heart devices, XIENCE stents, Epic and Trifecta tissue valves, EnSite mapping systems and Aveir leadless pacemakers, diabetes care technologies like FreeStyle Libre continuous glucose monitors, and neuromodulation systems including Proclaim spinal cord stimulators and Infinity deep brain stimulators; as well as branded generic pharmaceuticals sold primarily in emerging markets. The company, founded in 1888 and headquartered in Abbott Park, Illinois, operates in over 160 countries with a workforce exceeding 114,000 employees, serving hospitals, laboratories, physicians' offices, retailers, government agencies and consumers worldwide through its core segments of diagnostics, medical devices, nutrition and established pharmaceuticals. In November 2025, Abbott Laboratories agreed to acquire Exact Sciences Corp. for approximately $21 billion in cash to expand its diagnostics portfolio with cancer screening technologies including Cologuard for colorectal cancer and multi-cancer early detection tests, a transaction expected to close in the second quarter of 2026 subject to approvals and poised to elevate annual diagnostics sales beyond $12 billion.