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Abbott's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Abbott Laboratories is an American healthcare company that develops, manufactures and distributes pharmaceuticals and he... Read more

Based on data from Abbott's latest SEC filings

Annual Revenue

Based on data from Abbott's latest SEC filings

Employees

Robert B. Ford's photo - CEO of Abbott

CEO

Robert B. Ford

CEO Approval Rating

70/100

OVERVIEW

Founded:

1888

Headquarters:

Abbott Park, Illinois
Chicago Metropolitan Area

Status:

PublicNYSEABT

Industry Sector:

Health Care Supplies

SIC Code:

5047NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is Medtronic a competitor of Abbott?

I don't know

Trending News for Abbott and Abbott's Competitors

June 2, 2020

FinSMEs

Bigfoot Biomedical Closes $55M Series C Financing

Bigfoot Biomedical, Inc., a Milpitas, Calif.-based developer of therapy and telemedicine Solutions fo... See more »

June 3, 2020

CNBC

Johnson & Johnson CEO on George Floyd protests: White men need to 'do more listening'

Gorsky made his comments a day after announcing that J&J is committing $10 million over the next thre... See more »

June 2, 2020

Reuters

U.S. FDA extends review of Novartis' multiple sclerosis drug

The U.S. Food and Drug Administration has extended the review period for Novartis AG's multiple scler... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Johnson & Johnson is one of Abbott's top rivals. Johnson & Johnson is a Public company that was founded in 1886 in New Brunswick, New Jersey. Like Abbott, Johnson & Johnson also works within the Health Care Supplies industry. Compared to Abbott, Johnson & Johnson has 29,200 more employees.

Pfizer is seen as one of Abbott's biggest rivals. Pfizer was founded in 1849 in New York, New York. Pfizer competes in the Pharmaceuticals industry. Pfizer generates $18.6B more revenue than Abbott.

Novartis is one of Abbott's top competitors. Novartis was founded in 1996, and its headquarters is in Basel, Basel-City. Novartis is in the Pharmaceuticals industry. Novartis has 914 more employees than Abbott.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Robert B. Ford

CEO

- -
103,000
$6.9M
$32.1B
1

Alex Gorsky

Chairman & CEO

77/100
135,100
- -
$82.7B
2

Albert Bourla

Chairman & CEO

71/100
92,400
- -
$50.7B
3

Vasant Narasimhan

CEO

83/100
118,393
- -
$48.6B
4

Emma Walmsley

CEO

72/100
99,827
- -
$45.5B
5

Kenneth C. Frazier

Chairman & CEO

79/100
69,000
- -
$48.1B
6

Geoffrey S. Martha

CEO

71/100
86,000
- -
$31.1B
7

Michael F. Mahoney

Chairman & CEO

74/100
32,000
$2.1B
$10.8B
8

Giovanni Caforio

Chairman & CEO

71/100
23,300
- -
$31B
9

Severin Schwan

CEO

79/100
3,700
- -
$857.3M
10

Richard A. Gonzalez

Chairman & CEO

76/100
78
$3.8B
$34.1B
The top 10 competitors in Abbott's competitive set are Johnson & Johnson, Pfizer, Novartis, GSK, Merck, Medtronic, Boston Scientific, Bristol Myers Squibb, Roche and AbbVie. Together they have raised over 5.9B between their estimated 778.4K employees. Abbott has 103,000 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 69,345.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$32.1B

Abbott's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 37.8B. Over the last four quarters, Abbott's revenue has decreased by 3.2%. Specifically, in Q1 2020's revenue was $7.7B; in Q4 2019, it was $8.3B; in Q3 2019, it was $8.1B; in Q2 2019, Abbott's revenue was $8B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
GLP systems GmbH

Jun 2019

Source »
undisclosed
GLP is a developer of laboratory automation systems and analytical equipment for the medical diagnostic laboratory.
Cephea Valve Technologies, Inc.

Jan 2019

Source »
undisclosed
Cephea provides heart valve replacement therapy for the treatment of mitral valve stenosis disease.
St Jude Medical Inc

Apr 2016

Source »
$25B
St. Jude Medical is an American global medical company that develops and manufactures cardiovascular and implantable neurostimulation medical devices.
Alere Inc.

Feb 2016

Source »
$5.3B
Alere is a medical device company that designs, develops and manufactures diagnostic products for the health care industry.
Shifame, LLC

Feb 2016

Source »
undisclosed
Kalila Medical develops steerable catheter technologies for atrial fibrillation and other electro-physiological procedures.

These are all the companies that Abbott has acquired. Abbott has acquired 12 companies and its latest acquisition was GLP systems GmbH in Jun 2019. GLP is a developer of laboratory automation systems and analytical equipment for the medical diagnostic laboratory.

Abbott Funding History

Since Abbott was founded in 1888, it has participated in 3 rounds of funding. In total Abbott has raised $6.9M. Abbott's last funding round was on Feb 2011 for a total of $100.0K

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Feb 2011
$100K
-
Debt
Feb 2010
$70K
-
Debt
Mar 2009
$6.7M
-

Total Funding: $6.9M

Since Abbott was founded in 1888, it has participated in 3 rounds of funding. In total Abbott has raised $6.9M. Abbott's last funding round was on Feb 2011 for a total of $100.0K

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Bigfoot is a medical device company that develops and distributes automated insulin delivery systems for treating patients with diabetes.
$10M
Jun 01, 2020
Series C
-
Bigfoot is a medical device company that develops and distributes automated insulin delivery systems for treating patients with diabetes.
$45M
Jan 12, 2020
Series C
-
Bigfoot is a medical device company that develops and distributes automated insulin delivery systems for treating patients with diabetes.
$18M
Mar 27, 2018
Series B
-

These are all the companies that Abbott has invested in. Abbott has invested 12 companies and its latest investment was GLP systems GmbH in Jun 2019. GLP is a developer of laboratory automation systems and analytical equipment for the medical diagnostic laboratory.

Abbott News

May 24, 2020Medical Buyer

Abbott announces contract to supply millions of IgG lab-based antibody tests

Abbott announced a government contract to supply millions of its laboratory-based IgG antibody tests ... See more »
May 22, 2020Tech Times

Abbot Claims Better Results for ID NOW Coronavirus Rapid Test Kits

After receiving scrutiny over its ID NOW rapid test early this month, Abbott Laboratories bounces bac... See more »
May 21, 2020Reuters

Britain to buy 10 million antibody tests from Roche and Abbott

Britain said on Thursday it had agreed to acquire over 10 million coronavirus antibody tests from Roc... See more »
May 21, 2020MarketScreener

Says Health Canada Authorized Antibody Test Under Interim Order

(marketscreener.com) By Dave Sebastian Abbott Laboratories said Health Canada has authorized the comp... See more »
May 21, 2020Reuters

Abbott says new data on rapid coronavirus test used in White House shows high accuracy

Abbott Laboratories on Thursday said an analysis of data from an ongoing study of its ID NOW rapid te... See more »
May 21, 2020MarketWatch

This new coronavirus test will give on-the-spot results within 20 minutes

Just days after the Food and Drug Administration cautioned about the reliability of an Abbott Laborat... See more »
May 19, 2020Wall Street PR

Abbott Laboratories' (NYSE:ABT) ID NOW test May Be Giving Inaccurate Test Results Due To "User Error"

The US FDA has warned that Abbott Laboratories' (NYSE:ABT) rapid COVID-19 test might be having accura... See more »

Abbott Press Releases

February 27, 2020University Chronicle

General Anesthesia Drugs Market to Witness Massive Growth by Abbott Laboratories, Hospira,AbbVie

General Anesthesia Drugs Comprehensive Study by Type (Propofol, Dexmedetomidine, Sevoflurane, Desflur... See more »
September 16, 2019centralcharts

Abbott Named the Industry Leader in Sustainability for the Seventh Consecutive Year on the Dow Jones Sustainability Index (DJSI)

Abbott Named the Industry Leader in Sustainability for the Seventh Consecutive Year on the Dow Jones ... See more »
September 10, 2019PR Newswire

Abbott Announces New Data That Shows Artificial Intelligence Technology Can Help Doctors Better Determine Which Patients are Having a Heart Attack

ABBOTT PARK, Ill., Sept. 10, 2019 /PRNewswire/ -- Abbott (NYSE: ABT) announced today that new researc... See more »
August 2, 2019Newswise

IFCC, Abbott and Health Industry Leaders partners in the UNIVANTS of Healthcare Excellence Award

The UNIVANTS of Healthcare Excellence Award annually recognizes interdisciplinary care teams who coll... See more »
May 16, 2019PR Newswire

New ZonePerfect® Keto is 100% #TrueKeto with the Proven Blend of Macros for Effective Results

ABBOTT PARK, Ill., May 16, 2019 /PRNewswire/ -- You don't need to follow #TransformationTuesday on In... See more »
February 25, 2019PR Newswire

Abbott to Present at Barclays Global Healthcare Conference

ABBOTT PARK, Ill., Feb. 25, 2019 /PRNewswire/ -- Abbott (NYSE: ABT) will present at the Barclays Glob... See more »
February 5, 2019PR Fire

Abbott Acquired Alere To Expand Its Channels In Blood Glucose Test Strips

The blood glucose test strips market size is expected to grow around $10 billion by 2022. Growth in t... See more »

Social Statistics

Headquarters

100 Abbott Park Road

Abbott Park, Illinois60064

224-667-6100

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

Abbott Laboratories (NYSE: ABT) develops and distributes pharmaceuticals and health care products. It is an American worldwide health care company. It has 73,000 employees and operates in more than 150 countries. The company headquarters is in Lake Bl...

CEO

Abbott's CEO, Robert B. Ford, currently has an approval rating of 70%. Abbott's primary competitors are Johnson & Johnson, Pfizer & Novartis.

Website

abbott.com

Frequently Asked Questions about Abbott

  1. When was Abbott founded?

    Abbott was founded in 1888

  2. Who is Abbott's CEO?

    Abbott's CEO is Robert B. Ford

  3. How much revenue does Abbott generate?

    Abbott generates $32.1B in revenue

  4. How much funding does Abbott have?

    Abbott has historically raised $6.9M in funding

  5. Where is Abbott's headquarters?

    Abbott's headquarters is in Abbott Park Illinois, USA

  1. How many employees does Abbott have?

    Abbott has 103,000 employees

  2. What sector does Abbott operate in?

    Abbott is in Health Care Supplies

  3. Who are Abbott's competitors?

    Abbott's top competitors are Johnson & Johnson, Pfizer, Novartis

  4. Who has Abbott invested in?

    Abbott's has invested in companies such as Bigfoot, Bigfoot, Bigfoot
Stay up-to-date with the latest news on Abbott