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Benzinga
Benzinga
Health
Shanthi Rexaline

US Baby Formula Crisis Could See Some Relief As FDA, Abbott Agree On Deal

Abbott FDA United States Abbott Laboratories ABT Food and Drug Administration NYSE

The baby formula shortage that has morphed into a crisis in the U.S. could soon see some relief following an agreement between market leader Abbott Laboratories (NYSE:ABT) and the Food and Drug Administration.

What Happened: Abbott announced late Monday that it has agreed to enter into a consent decree with the FDA regarding the restart of production at the former's Sturgis, Michigan infant formula plant.

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