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About Abbott

Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs more than 68,000 people and markets its products in more than 130 countries.

About Abbott Vascular

Abbott Vascular, a division of Abbott, is one of the world's leading vascular care businesses. Abbott Vascular is uniquely focused on advancing the treatment of vascular disease and improving patient care by combining the latest medical device innovations with world-class pharmaceuticals, investing in research and development, and advancing medicine through training and education. Headquartered in Northern California, Abbott Vascular offers a comprehensive portfolio of vessel closure, endovascular and coronary products.

In October 2008, the company announced two-year data from 30 patients in its ABSORB clinical trial, demonstrating that its bioabsorbable drug eluting stent successfully treated coronary artery disease and was absorbed into the walls of treated arteries within two years, leaving behind blood vessels that appeared to move and function similar to unstented arteries. Patients who received Abbott's bioabsorbable drug eluting coronary stent and were followed out to two years experienced no stent thrombosis out to two years and no new major adverse cardiac events (MACE) between six months and two years. These results confirmed earlier positive one-year clinical results with Abbott's bioabsorbable drug eluting stent.

Abbott's Southeast Asia lab

Abbott opened its US$5 million pharmaceutical analytical research laboratory, the first in Southeast Asia. This lab will initially employ 17 researchers. In addition, Abbott announced its Asia-Pacific Research and Development Center for Nutrition Science which will also be located at the Biopolis. This centre will focus on clinical trials and development of nutritional products that are tailored to Asian dietary needs.

Financial Information

First quarter ended March 31, 2009: Adjusted EPS Growth of 15.9 Percent (GAAP EPS Growth of 53.3 Percent); Confirms Double-Digit EPS Guidance Range for 2009; Increased 2009 Dividend by 11 Percent

Timeline

  • In July 09, Abbott announced a definitive agreement to acquire the nutrition businesses of Wockhardt Limited, Carol Info Services Limited, and certain Wockhardt subsidiaries and group companies for consideration totaling approximately US$130 million in cash.
  • September 09: Abbott listed on Dow Jones Sustainability Indexes for fifth consecutive year.
  • March 2010: Abbott announced positive 30-day results from the first 101 patients enrolled in the second phase of the ABSORB trial. Patients treated with Abbott's bioresorbable vascular scaffold (BVS), under clinical investigation in Europe, demonstrated no cases of blood clots (thrombosis), no need for repeat procedures (ischemia-driven target lesion revascularization) and a very low rate of major adverse cardiac events (MACE(1) rate of 2.0 percent) at 30 days.

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