Latest Abbot Laboratories Stories

2009-09-28 15:37:32

U.S. pharmaceutical giant Abbot Laboratories said it would buy Belgian drug company Solvay's prescription drug division for $6.6 billion cash. In doing so, Abbott would take full possession of TriCor, an anti-cholesterol pill that took in $1.3 billion in sales in 2008, The New York Times reported Monday. Currently, Abbot and Solvay share in TriCor's proceeds. In addition, Abbott will fully own Trilipix, a new cholesterol treatment the Food and Drug Administration approved in December. Solvay...

Word of the Day
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.