Welcome to our dedicated page for Abbott Laboratories news (Ticker: ABT), a resource for investors and traders seeking the latest updates and insights on Abbott Laboratories stock.
Abbott Laboratories (NYSE: ABT) is a globally recognized American multinational company headquartered in Abbott Park, Illinois. Founded in 1888, Abbott has established itself as a leader in medical devices and health care. The company manufactures and markets a wide range of products, including cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment, testing kits, and branded generic drugs.
Abbott's product portfolio includes pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays along with point-of-care diagnostic equipment. Approximately 60% of Abbott’s sales are derived from markets outside the United States, underlining its global reach and influence.
Recently, Abbott introduced the PROTALITY™ brand, a high-protein nutrition shake aimed at supporting weight loss while preserving muscle mass. This innovation reflects Abbott's commitment to addressing global health challenges such as obesity and muscle health. The company also continues to make strides in medical technology with advancements like the TriClip™ system for tricuspid valve repair, and the FreeStyle Libre continuous glucose monitoring systems, which have set new standards in diabetes management.
Abbott is not only focused on innovative product development but also on strategic partnerships and sustainability. The extension of their partnership with the Real Madrid Foundation, aimed at reducing childhood malnutrition and promoting healthy habits, is a testament to their commitment to global health improvements.
Financially, Abbott has demonstrated robust performance, as evidenced by its consistent dividend payouts and its inclusion in the S&P 500 Dividend Aristocrats Index. The company reported strong Q1 2024 results with significant growth in their core business segments, further supported by successful product launches and clinical innovations.
Abbott’s mission to help people live more fully at all stages of life drives their development of life-changing technologies across diagnostics, medical devices, nutritionals, and branded generic medicines. With a workforce of over 114,000 employees serving people in over 160 countries, Abbott continues to set benchmarks in the healthcare industry.
Abbott (NYSE: ABT) announced positive data from the Leadless II study for its investigational Aveir leadless pacemaker, which showed an impressive 98% successful implantation rate among 200 patients. The device met primary safety and efficacy endpoints, with 96% of patients experiencing no serious adverse effects and 95.9% achieving effective pacing at six weeks post-implant. The findings were presented at the Asia Pacific Heart Rhythm Society's annual session and submitted for FDA review, signaling potential advancements in minimally invasive cardiac care.
Abbott and the American Diabetes Association have launched a community health partnership in Columbus, Ohio, targeting healthcare disparities for people of color living with diabetes. The initiative will educate and provide up to 150 Black adults with access to Abbott's FreeStyle Libre glucose monitoring technology. Black Americans face a 60% higher diabetes diagnosis rate and significant barriers to managing the disease effectively. This program aims to improve health outcomes and access to diabetes care technology.
Abbott reported strong financial results for Q3 2021, with sales reaching $10.9 billion, a 23.4% increase year-over-year. GAAP diluted EPS was $1.17, while adjusted diluted EPS grew 42.9% to $1.40. The company projects full-year diluted EPS of $3.55 to $3.65 and adjusted EPS of $5.00 to $5.10, indicating potential 38.4% growth. Significant product launches and acquisitions contributed to this growth, including FDA approvals for new medical devices and an acquisition of Walk Vascular.
On October 18, 2021, Abbott (NYSE: ABT) announced a partnership with Real Madrid to enhance children's health and nutrition worldwide. The initiative will provide nutritional science for the football club's teams and support programs run by the Real Madrid Foundation. Jason Sudeikis, the star of Ted Lasso, participated in an event at the New York Stock Exchange, promoting the partnership alongside teens from the Foundation's Social Sports School. The collaboration aims to impact thousands of children's health and support their potential.
Abbott (NYSE: ABT) has partnered with Real Madrid as its Health Sciences and Nutrition Partner for three years. This collaboration will support education, sports, and social welfare activities for at-risk children in 80 countries, alongside providing nutritional assistance to the men's and women's teams. Abbott aims to tackle malnutrition through this initiative, working with the Real Madrid Foundation to enhance children's health and well-being globally. This partnership aligns with Abbott's goal to improve the lives of over 3 billion people by 2030.
Abbott has established the Abbott Center for Malnutrition Solutions to tackle global malnutrition, focusing on vulnerable groups including mothers, infants, and aging adults. This initiative aligns with Abbott's 2030 Sustainability Plan, aiming to enhance nutrition access for over 3 billion people. Key strategies include expert collaboration, tailored solutions, leveraging scientific innovation, and sustainable practices. Malnutrition is a widespread issue, affecting 1 in 3 people globally, and Abbott plans to use its expertise to make a significant impact.
Abbott (NYSE: ABT) will release its third-quarter 2021 financial results on Wednesday, Oct. 20, 2021, before market opening. Following this, a live webcast of the earnings conference call will occur at 8 a.m. Central time. Interested parties can access it through Abbott's Investor Relations website. Abbott is a global healthcare leader, operating in diagnostics, medical devices, nutritionals, and branded generic medicines, serving over 160 countries with a team of 109,000 colleagues.
Abbott (NYSE: ABT) has received FDA approval for its Portico™ with FlexNav™ transcatheter aortic valve replacement (TAVR) system, aimed at treating symptomatic patients suffering from severe aortic stenosis who face high or extreme risks for open-heart surgery. This innovation enhances Abbott's portfolio in structural heart solutions, offering a minimally invasive alternative to traditional surgical valve replacement. The Portico device features a self-expanding TAVR valve designed for optimal blood flow and access to coronary arteries, pushing Abbott's mission of improving patient lives forward.
Abbott (NYSE: ABT) declared a quarterly common dividend of 45 cents per share, marking its 391st consecutive quarterly dividend since 1924. The cash dividend is payable on Nov. 15, 2021, to shareholders of record by Oct. 15, 2021. Abbott has successfully increased its dividend payout for 49 consecutive years and is part of the S&P 500 Dividend Aristocrats Index, highlighting its commitment to returning value to shareholders.
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