Abbott Laboratories paid US$25 million to settle bribery allegations to prescribe TriCor in 2018
According to ProPublica, between 2014 and 2018, pharmaceutical companies spent approximately $2.1 billion to $2.2 billion paying doctors for prescribing and recommending their drugs and devices. Roughly, over 600,000 doctors receive payment from pharmaceutical companies each year3. Big Pharma companies are known to bribe physicians to prescribe their drugs13.
Abbott is helping to make roads safer by bringing leading technology for drug testing
Part of the SDG´s goals is to reduce the number of global deaths and injuries from road traffic accidents. 1 As marijuana legalization gathers momentum, especially in the U.S. and Canada, legislators and police officers are committed to keeping roads safe from the growing problem of drug-impaired drivers. According to a 2016 report, the number of drug-related driving deaths in the U.S has risen by more than 50 percent compared to a decade ago, and one-third of respondents (33%) personally know someone who has driven a car soon after taking drugs. 2,3
Abbott has delivered 2 billion diagnostic tests in 2018
The early diagnosis of diseases with high accuracy play a critical role in the patient’s treatment. Without using any specialized laboratory, the capability to diagnose a condition has quickly transformed the accessibility to healthcare. Abbott, with its rapid diagnostics business, has made the point of care (POC) testing services available around the world.
Abbott has invested $130 million to improve healthcare accessibility in Tanzania
The economic growth in Tanzania over the last ten years was relatively high with an average of 6 to 7 percent increase in GDP in a year 1. But the growth did not help most of the Tanzanians because almost half of the country’s population earns below $1.90 per day. The increasing population growth is also one the reason for high poverty levels. For the Tanzanian government, it is very challenging to make healthcare services available to everyone with limited resources, weak facilities, and a surprising shortage of doctors (for every 100k people only 3 doctors) 2.
Minorities held 34% of Abbott’s US management position in 2018
Minorities in the American workforce are increasing drastically since the last century. In 2018, the recruitment of colored people by American companies outnumbered white hires. As per the data of the Labor Department, since the end of 2016, the number of people employed in the US has increased by 5.2 million; among them, 4.5 million people are ethnic and racial minorities 1.