Navigation Links
Abbott Annual Meeting Highlights Outstanding 2007 Results, International Growth and Near-Term Pipeline
Date:4/25/2008

ABBOTT PARK, Ill., April 25 /PRNewswire-FirstCall/ -- Abbott's broad portfolio of businesses and expanding global operations generated outstanding 2007 results, and its new product pipeline provides a foundation for continued growth as demonstrated by the company's strong first-quarter performance, Chairman and Chief Executive Officer Miles D. White told shareholders today at the company's annual meeting.

"2007 was an outstanding year for Abbott across all of our major businesses and our strong momentum has carried into 2008," said Mr. White. "We delivered another year of strong sales and profitability. We expanded our business in important emerging economies such as China, India, Russia and Latin America. And we were highly productive in building our pipeline, providing the basis for a steady new product stream and continued future success."

Business Mix Drives Results

Significant contributions from each of the company's major businesses -- diabetes care, diagnostics, nutritionals, pharmaceuticals and vascular -- drove a 15 percent increase in 2007 sales. Abbott's stock also outperformed the S&P 500 Index and the majority of its peers, delivering a total return to shareholders of 18 percent in 2007 (stock price growth plus dividends). This marked the second straight year Abbott outpaced the S&P 500 and most of its peers; in 2006, its stock had a total return of 27 percent.

"The diversity and balance of our business base is our core strength and Abbott's greatest differentiator," said Mr. White. "Our continued strong growth through the challenges that face medical technology innovators speaks to our ability to adapt, execute and optimize the many prospects that our mix of businesses provides."

International Growth

While the United States remains Abbott's single largest market, the company's growing international business has been central to its performance. For the first time in Abbott's 120-year history, the company'
'/>"/>

SOURCE Abbott
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Abbott Named One of the Best Places to Launch a Career by BusinessWeek
2. Martek Signs Multi-Year Worldwide Sole Source Supply Agreement with Abbott
3. Abbott Scientists Create One Molecule With Two Antibody Functions
4. Abbott Named to Science Magazines List of Top Employers in the Biotech and Pharmaceutical Industry
5. Abbotts HUMIRA(R) Receives Positive Opinion From EMEA for Treatment of Moderate to Severe Plaque Psoriasis
6. Abbott Declares 336th Consecutive Quarterly Dividend
7. Pfizer, Genentech, Amgen, Bayer, Wyeth, Abbott, Merck and Additional Leading Pharmaceutical Companies Participating During ExL Pharmas Fall Line Up!
8. Abbott to Present at JP Morgan Healthcare Conference
9. Abbott Announces Approval of First Fully Automated Blood Screening Test for HTLV-I/HTLV-II
10. Isis Announces Equity Investment in Ibis Biosciences Subsidiary by Abbott; Option Acquired to Purchase Remaining Ibis Equity
11. Abbott Receives FDA Approval for SIMCOR(R) (Niaspan(R) / simvastatin), a Novel Combination Medicine for Comprehensive Cholesterol Management
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2015)... TRIANGLE PARK, N.C. , Aug. 27, 2015 ... on the decision by FedEx, UPS and The ... of certain biological specimens classified as ,select agents, ... and long history of handling these sensitive shipments. ... knowledge of global transportation regulations, trained and certified ...
(Date:8/26/2015)... KS (PRWEB) , ... August 26, 2015 , ... ... Biologic Solutions, announces today that a second US laboratory is to open in ... accordance with the continued partnership and long-term growth of research and development through ...
(Date:8/26/2015)... N.J. , Aug. 26, 2015  Roka Bioscience, ... focused on providing advanced testing solutions for the detection ... CEO will present at the Sidoti & Company Emerging ... conference will be held at the New York Marriott ... presentation will be available through the investor relations section ...
(Date:8/26/2015)... , Aug. 26, 2015  The Diabetes Research ... University of Miami Miller School of Medicine, announced ... trial to test for the first time a ... completed.  This FDA approved Phase I/II study builds ... and is an important first step toward the ...
Breaking Biology Technology:Marken Ensures Safe Transportation Of Select Agents And Toxins 2MediVet Biologics Animal Health Secures Additional Laboratory Facility in Manhattan, Kansas 2MediVet Biologics Animal Health Secures Additional Laboratory Facility in Manhattan, Kansas 3Diabetes Research Institute Successfully Transplants First Patient In Pilot BioHub Trial 2Diabetes Research Institute Successfully Transplants First Patient In Pilot BioHub Trial 3Diabetes Research Institute Successfully Transplants First Patient In Pilot BioHub Trial 4
... looking for an ambitious mission statement, consider this pledge from ... simply propose adding new dollars on top of current dollars, ... first those currently in the (K-12 public school) system, and ... the adequacy analysis." , , [Tom Still is a member ...
... a type of atom probe developed by Madison-based Imago ... of individual gold atoms they couldn't have gotten otherwise. ... was used to map the position of atoms in ... of Wisconsin-Madison technology and has sold it since 2003. ...
... Eau Claire, Wis. A digital welding simulator that ... several educational programs was demonstrated on Wednesday at Chippewa ... which was co-developed by the visual technology firm VRSim ... gain hours of welding experience without using up expensive metal ...
Cached Biology Technology:Measuring what works and what doesn't in the prototypical school 2Measuring what works and what doesn't in the prototypical school 3Virtual-reality welding simulator an opportunity for Chippewa Valley college 2
(Date:8/3/2015)... Calif. , Aug. 3, 2015 Synaptics, ... human interface solutions, today announced that members of the ... at the Pacific Crest Global Technology Leadership Forum on ... The conference will be held at the Sonnenalp Resort ... The presentation may include forward-looking information. An audio ...
(Date:7/31/2015)... 2015 La 10e Conférence internationale sur ... par le BGI du 22 au 25 octobre ... Chine. La conférence célèbre son 10e ... l,ICG est devenue l,une des réunions annuelles mondiales ... et c,est aussi la plus dynamique, la plus ...
(Date:7/31/2015)... SHENZHEN, China , July 31, 2015 The ... ) will be held by BGI from October 22-25, 2015, in ... The conference is celebrating its 10 th ... become one of the world,s most influential annual meetings in ... enthusiastic, and enjoyable scientific gatherings. ICG-10 focuses ...
Breaking Biology News(10 mins):La 10e International Conference on Genomics (ICG-10) doit s'ouvrir en octobre 2La 10e International Conference on Genomics (ICG-10) doit s'ouvrir en octobre 3The 10th International Conference on Genomics (ICG-10) to Open in October 2
... Bioenergy crops, such as Miscanthus and switchgrass, appear to ... did not come with a manual on how to measure ... Illinois professor of energy and environmental law and chair of ... needed so farmers, ethanol producers, and others in the biofuels ...
... Kansas State University chemical engineer may help improve humidity ... Vikas Berry, William H. Honstead professor of chemical ... dots to improve sensing devices in a twofold project. ... which are ultrasmall pieces of graphene. Graphene is a ...
... Jayann Sepich , mother of murder victim ... ( www.DNASaves.org ) expressed appreciation for Sen. Hatch,s ( Utah ... special residency status, and for his continued commitment to victim issues. ... the United States illegally," said Mrs. Sepich.  "But ...
Cached Biology News:Setting the standard for sustainable bioenergy crops 2Setting the standard for sustainable bioenergy crops 3Setting the standard for sustainable bioenergy crops 4Researchers use graphene quantum dots to detect humidity and pressure 2Researchers use graphene quantum dots to detect humidity and pressure 3DNA Saves Applauds Proposed Hatch Amendment to the Immigration Reform Bill 2
... Green II RNA gel stain is a ... fluorescence when bound to RNA and low background ... either formaldehyde/agarose or polyacrylamide gels using laser scanners ... minigels. A 500 µL unit size (S-7564) and ...
Sirtuin 7 (SIRT7) Rabbit anti-Human Polyclonal Antibody Immunogen: Synthetic peptide - KLH conjugated Family: Other Recommended Storage: Long term: -20C; Short term: +4C...
... taking automated patch clamping to a new and ... generate thousands of high quality data points daily, ... ion channel drug discovery and safety testing. Automated ... by conventional patch clamping can now be applied ...
... for RNA aptamer screening and binding optimization ... Paraflo microfluidic on-chip synthesis platform. These microarrays ... DNA/RNA Aptamer Microarray Service. Probe ... Microarray contains greater than 1500 known aptamer ...
Biology Products: