Abbott Laboratories (ABT) engages in the discovery, development, manufacture, and sale of healthcare products globally. The company operates through its four broad segments: Established Pharmaceutical Products; Diagnostic Products; Nutritional Products; and Medical Devices.
ABT is currently aiming to recapture some of the market shares of its baby formula business through the restart of manufacturing at its Michigan facility. The plant had shut down earlier this year as ABT had recalled its infant formula products. Earlier this month, the company resumed partial production of certain specialty and metabolic formulas at the Sturgis facility.
