What Should You Think of the New Abbott Labs?

By Brenton Flynn and Max Macaluso – Jan 3, 2013 at 9:30AM

NYSE: ABT

Abbott Laboratories

Market Cap

$185B

Today's Change

(-0.65%) -$0.70

Current Price

$106.89

Price as of April 24, 2024, 4:00 p.m. ET

Now that Abbott Labs has slimmed down and lost its branded pharmaceuticals division by spinning off the new AbbVie, what should investors make of it?

The new year has come, and Abbott Labs' (ABT -0.65%) spinoff of its branded pharmaceuticals division into the new company AbbVie (ABBV -1.03%) is complete. AbbVie is getting all of the attention from analysts at the moment because of its powerhouse arthritis drug, Humira, which generates the bulk of the revenue for the company -- but what about Abbott Labs? In this video, Motley Fool health care bureau chief Brenton Flynn tells us what he thinks of the trimmer new Abbott sans the branded pharmaceuticals, and why it reminds him a lot of Johnson & Johnson (JNJ -0.69%).

Brenton Flynn and Max Macaluso have no positions in the stocks mentioned above. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services recommend Johnson & Johnson. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.