Abbott 2003 Global Citizenship Report - Abbott Laboratories
Abbott 2003 Global Citizenship Report - Abbott Laboratories
Abbott 2003 Global Citizenship Report - Abbott Laboratories
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Innovation in<br />
Medical<br />
Products<br />
Our medical products businesses compete in distinct markets characterized by rapid<br />
technological advancements that require agile responses to evolving market conditions.<br />
To better position our businesses in this fast-paced environment, in <strong>2003</strong> we developed an<br />
operating model where each business operates independently with full responsibility for<br />
performance and growth.<br />
Building on our commitment to broad-based health care that is rooted in science, we also<br />
completed several targeted acquisitions that will help us to extend the value of advanced<br />
medical technology. For more information on <strong>Abbott</strong>’s strategic alliances and acquisitions<br />
in <strong>2003</strong>, visit www.abbottdiagnostics.com.<br />
Moving forward, we will focus our medical products businesses on key growth areas,<br />
including cardiovascular devices used in the treatment of the heart and surrounding arteries;<br />
plates, screws and rods used in spinal surgery; nutritional products for people of all ages;<br />
point-of-care testing; blood glucose monitoring; immunoassay/clinical chemistry testing;<br />
and molecular diagnostics.<br />
Philanthropy<br />
to Support<br />
Innovation<br />
The <strong>Abbott</strong> <strong>Laboratories</strong> Fund supports a diverse group of organizations engaged in the<br />
advancement of medical innovation and the development of future scientists. In <strong>2003</strong>,<br />
we provided grants to the American Foundation for Pharmaceutical Education, American<br />
Society for Clinical Research and the Life Sciences Research Fellowships. We also support<br />
organizations, such as the Foundation for Biomedical Research, which are dedicated to<br />
promoting humane and responsible use of animals in medical and scientific research. We<br />
work with programs that stimulate early interest in science, math and technology at the<br />
middle and high school levels, such as the Center of Science Innovation, Lake Forest College<br />
Project Explore, Operation Discovery, Camp Invention and the Keystone Science School. A<br />
major focus of these grants is exposing young people from diverse backgrounds to different<br />
learning environments. For more information about <strong>Abbott</strong>’s giving in the area of science<br />
innovation, please visit www.abbott.com/citizenship/communities/education.shtml.<br />
twenty five innovation