Editing Abbott Laboratories (section)

=== Foundation and early history ===
{{See also|Dr. Wallace C. Abbott House}}
In 1888 at the age of 30, Wallace Abbott (1857–1921), an 1885 graduate of the [[University of Michigan]], founded the '''Abbott Alkaloidal Company''' in [[Ravenswood, Chicago]]. At the time, he was a practising physician and owned a drug store. His innovation was formulating the active part of [[alkaloid]]  [[Herbalism|medicinal plants]]—[[morphine]], [[quinine]], [[strychnine]] and [[codeine]]—as tiny "dosimetric granules", producing more consistent and effective dosages for patients than the liquid preparations previously used, which deteriorated over time.<ref>{{cite web |url=http://www.fundinguniverse.com/company-histories/Abbott-Laboratories-Company-History.html |title=Abbott Laboratories Company History |publisher=Funding Universe |access-date=17 April 2013 |archive-date=2 June 2012 |archive-url=https://web.archive.org/web/20120602214830/http://www.fundinguniverse.com/company-histories/Abbott-Laboratories-Company-History.html |url-status=live }}</ref> In 1922, the company moved from Ravenswood to [[North Chicago, Illinois]].{{citation needed|date=December 2022}}