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Abbott Says It Will Split into Two Firms in 2012

One company will be medical devices and diagnostics, the other company will be pharmaceutical products

FURTHER CHANGES ARE COMING to the in vitro diagnostics (IVD) marketplace. On October 19, Abbott Laboratories, Inc., announced that it would separate into two publicly-traded companies sometime in 2012. One business will be the medical devices and diagnostics business. It will have about $22 billion in annual sales. Of this total, about $4 billion comes from …

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