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The Deal Names Abbott Top Dealmaker for Second Consecutive Year
Date:11/19/2009

ABBOTT PARK, Ill., Nov. 19 /PRNewswire-FirstCall/ -- The Deal magazine has named Abbott (NYSE: ABT) as one of its Most Admired Corporate Dealmakers for the second consecutive year. The Deal honored Abbott as its Most Admired Dealmaker in pharma/biotech for the most effective strategic use of acquisitions and divestitures since January 2006.

Over the past decade, Abbott has reshaped its business portfolio with a focus on high-growth, innovation-driven businesses with market-leading potential. In the past 12 months, Abbott has initiated more than $10 billion in strategic transactions that have diversified product and pipeline portfolios, added new technology and accelerated expansion into key global emerging markets.

"Abbott has a strong and successful track record of acquiring small- to mid-size companies and technologies with the potential for long-term growth and market leadership," said Miles D. White, chairman and chief executive officer, Abbott. "Over the past 12 months, Abbott has announced seven strategic acquisitions that will enhance the diversity of our portfolio and expand our global reach to deliver industry-leading returns to our shareholders."

In 2009, Abbott has:

  • Announced the purchase of a novel compound in development to treat chronic pain, enhancing Abbott's early-stage pharmaceutical pipeline.
  • Announced its intent to acquire Solvay Pharmaceuticals, complementing its existing portfolio and expanding infrastructure in key global emerging markets.
  • Acquired Evalve, entering the emerging field of non-surgical treatment for heart valve repair.
  • Purchased Visiogen, gaining a next-generation technology to treat cataracts.
  • Announced plans to acquire the nutrition business of Wockhardt, Ltd., positioning Abbott to be a leader i
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SOURCE Abbott
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