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Abbott Annual Meeting Highlights Continued Strong Performance in 2009; Sustained Growth in 2010
Date:4/23/2010

s per share growth expected again in 2010, and we're confident that Abbott remains well positioned for future success."

Investing for the Future

Abbott has taken a number of strategic actions to enhance the strength and diversity of its business portfolio, including a number of near-term pipeline opportunities and expanded offerings to add to its branded generics portfolio.  A few key highlights:

  • Completed the acquisition of Solvay Pharmaceuticals, adding nearly $3 billion in 2010 revenue, a robust branded generics portfolio and expanding Abbott's footprint in key emerging markets across Asia, Eastern Europe and Latin America.
  • Augmented the pharmaceutical pipeline with the acquisition of PG110, a novel compound to treat chronic pain and Facet Biotech's developmental compounds in immunology and oncology, complementing Abbott's existing research in these areas.
  • Gained new medical products technology including: Evalve's MitraClip for non-surgical heart valve repair, Visiogen's next-generation intraocular lens to treat cataracts and IBIS Biosciences' advanced diagnostics technology.
  • Acquired Advanced Medical Optics, a global leader in vision care and surgical technologies, further diversifying Abbott's medical products businesses.

In 2009, Abbott also invested more than $2.7 billion in leading-edge research across the company to develop innovative therapies in key research areas, including cancer, heart disease, autoimmune disorders, hepatitis, Alzheimer's disease and vaccines.  

Global Citizenship

In 2009, Abbott and the A
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