🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Abbott Says it Could Restart Baby Formula Site Within 2 Weeks

Published 05/14/2022, 04:34 AM
© Reuters.
ABT
-

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. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.