During the post war years and through the 1970s, Abbott became a major player in consumer pharmaceuticals and food alternatives and supplements. During this time also the company suffered from quality problems and dangerous products that caused both regulatory and legal difficulties ("Abbott Laboratories History", 2004).
Abbott curtailed research during the 1980s, and began to market drugs in the United States that were produced outside the country. Research was promoted again in the 1990s, and the company was successful in obtaining Food and Drug Administration (FDA) approval for several new pharmaceutical products. During the 1990s also, the company pursued an aggressive acquisition strategy. The company's marketing activities continued to cause problems, however, and millions of dollars were paid to settle price-fixing suits. Additionally, the FDA came down hard on the company for false and misleading advertising ("Abbott Laboratories History", 2004).
In the earl years of the twenty-first century, Abbott continued to run afoul of the regulators. Some new products on which the company was counting were delayed when the FDA close the company's Chicago plant for substandard quality control ("Abbott Laboratories History", 2004).
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