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The Abbott Split Up: Who Wins?

After implementing a major workforce reduction in January, Abbott Laboratories re-organized its diversified company into three units – proprietary pharmaceuticals, durable growth products and innovation-driven devices. Its latest announcement cements that change: Abbott will divide into a diversified medical products company.

After implementing a workforce reduction of 1,900 US employees in January, Abbott Laboratories Inc. in recent months had re-organized its diversified company into three units – proprietary pharmaceuticals, durable growth products and innovation-driven devices. Its latest announcement cements that change: Abbott will divide into a diversified medical products company, to retain the Abbott name, and a research-based pharmaceuticals company, which will take a new, to-be-determined name. (See Also see "Abbott Shaves U.S. Pharma Costs With Restructuring" - Pink Sheet, 26 January, 2011..)

The research-based pharmaceuticals company will include Abbott’s current portfolio of branded marketed drugs and biologics, and is fairly dominated by...

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