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July 14, 2014
11:13 EDTABTAbbott CEO aims to boost medical device line, Reuters says
Abbott Laboratories CEO Miles White said the company is interested in boosting its medical device line, but it is becoming increasingly challenging to find suitable and affordable products, according to Reuters, citing comments from White. Reference Link
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December 22, 2014
18:00 EDTABTUS files civil suit against Omnicare for alleged Abbott kickbacks
The United States has filed a civil False Claims Act complaint against Omnicare (OCR) alleging that it solicited and received millions of dollars in kickbacks from pharmaceutical manufacturer Abbott Laboratories (ABT), the Justice Department announced. Omnicare is the nationís largest provider of pharmaceuticals and pharmacy consulting services to nursing homes. Federal regulations designed to protect nursing home residents from unnecessary drugs require nursing homes to retain consulting pharmacists such as those provided by Omnicare to ensure that residentsí drug prescriptions are appropriate. Reference Link
December 12, 2014
11:19 EDTABTAbbott board increases quarterly dividend to 24c from 22c
The board of Abbott increased the company's quarterly common dividend to 24c per share from 22c per share. The cash dividend is payable Feb. 13, 2015, to shareholders of record at the close of business on Jan. 15, 2015.
December 11, 2014
05:24 EDTABTAbbott IRIDICA now available in Europe
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