Abbot CEO Miles White Shines While Competitors Struggle

130 years ago, a man named Wallace Abbot opened a little business called Abbott Alkaloidal Company in Ravenswood, Chicago. His early success came out of his use of a medicinal plant – one that formed the basis for morphine, quinine, strychnine and codeine – which he broke down into tiny ‘dosimetric granules’. Abbot discovered that processing the plant in this way yielded a more consistent, effective dosage for patients and it was this beginning that paved the way for the company’s future...