About Business
Abbott Laboratories is a leading American pharmaceutical company. Formed in 1888 by Wallace Calvin Abbott and based in Green Oaks, Illinois, United States. The company provides many products, including Generic drugs, medical devices, dietary supplements, pharmaceutical drugs, etc. Its founder, Wallace Abbott, after graduation, formed the Abbott Alkaloidal Company in Chicago. During this time, Abbott was a practising physician, and he was involved in inventing the formula for alkaloidal medicinal plants to produce effective dosages. Abbott Laboratories started expanding internationally, and its first affiliate was in London. Technically, the company was formed in 1944 as the Boots Pure Drug Company Ltd. Then, the company?s name changed to Boots Pharmaceuticals Ltd in 1991.