With a $185.97 billion market cap., Abbott Laboratories (ABT) discovers, develops, manufactures, and sells health care products internationally. The company operates in four segments: Established Pharmaceutical Products; Diagnostic Products; Nutritional Products; and Medical Devices.
The company continues to strengthen its portfolio with new product approvals and expanded reimbursement coverage. On June 3, ABT announced the development of a new bio wearable that will continuously monitor glucose and ketone levels in one sensor. The system has secured breakthrough device designation from the U.S. Food and Drug Administration (FDA).
