Abbott to split into two companies

Abbott to split into two companies
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First Published: Wed, Oct 19 2011. 11 15 PM IST

File photo Bloomberg
File photo Bloomberg
Updated: Wed, Oct 19 2011. 11 15 PM IST
Abbott Laboratories said Wednesday that it plans to split into two publicly traded companies, separating its medical products business from its research-based pharmaceuticals operations.
File photo Bloomberg
The medical-products company will consist of Abbott’s generic-pharmaceutical, devices, diagnostic and nutritional businesses, and will keep the Abbott name. The research-based pharmaceutical company will include Abbott’s portfolio of pharmaceuticals and biologics and will be named later.
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First Published: Wed, Oct 19 2011. 11 15 PM IST
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