New Tool: ProSource
Checkout our packaging and processing solutions finder, ProSource.

Latin America, China help Abbott beat sales predictions

Emerging markets helped create an increase in demand for the company's generic drugs

Demand for Abbott Laboratories generic drugs in emerging markets, including in Latin America and China, helped them rack up better-than-expected quarterly sales, Reuters reported.

The sales of generic drugs rose to $961 million in the third quarter, as sales grew in emerging markets by double digits, according to the report.

This was helped, in part, by Abbott's acquisition of Chilean drugmaker CFR Pharmaceuticals SA.

Generic drug sales contributed to about 19 percent of Abbott's total sales.

Test Your Supply Chain Smarts
Take Healthcare Packaging's supply chain quiz to prove your knowledge!
Read More
Test Your Supply Chain Smarts
Discover the right packaging solutions for life sciences in Philadelphia
Explore innovative packaging and supply chain solutions for the life sciences at the largest PACK EXPO East in history, March 18–20. Get ideas from 400+ top exhibitors and connect with colleagues and industry experts—all in one convenient location!
Read More
Discover the right packaging solutions for life sciences in Philadelphia