Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Abbott Says it Could Restart Baby Formula Site Within 2 Weeks

Stock MarketsMay 14, 2022 04:34
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Investing.com -- Abbott Laboratories (NYSE:ABT) said Friday that it could restart its Sturgis, Michigan plant within two weeks, pending FDA approval. 

In February, Abbott recalled three baby-formula products after reports of infant illness, including two infants who died.

Abbott is one of the biggest baby formula suppliers in the U.S. and the recall has fueled an industry-wide baby formula shortage. 

According to a report from Bloomberg, during a routine visit to Abbott’s Sturgis, Michigan, manufacturing facility in September, FDA inspectors "determined that employees may have transferred contaminants including deadly cronobacter from surfaces to baby formula."

However, Abbott has denied its formula is to blame, with the company telling Bloomberg that "There is no evidence to link our formulas to these infant illnesses.”

In a statement today, Abbott said it is working to address an FDA list of observations so it can restart the Sturgis, Michigan facility.

"Subject to FDA approval, we could restart the site within two weeks," Abbott stated. 

Abbott Says it Could Restart Baby Formula Site Within 2 Weeks
 

Related Articles

Uncertainty Ahead for JD.com, Says Morgan Stanley
Uncertainty Ahead for JD.com, Says Morgan Stanley By Investing.com - May 19, 2022

By Sam Boughedda Investing.com -- Morgan Stanley analyst Eddy Wang reiterated an Overweight rating and $80 price target on Chinese e-commerce company JD.com Inc (NASDAQ:JD)...

AMC Slips After Taking Stake in Cinema Ad Company
AMC Slips After Taking Stake in Cinema Ad Company By Investing.com - May 19, 2022

By Liz Moyer Investing.com -- AMC Entertainment Holdings Inc (NYSE:AMC) shares slipped 1.6% after disclosing it acquired a 6.8% stake in National CineMedia. Shares of National...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email