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The Latest Breaking News from Abbott

Production resumes at troubled Abbott baby formula factory

Abbot Nutrition says baby formula production has resumed at the Michigan plant whose February shutdown over contamination contributed to a national shortage

The Independent UK

This Biotech Stock Looks Like a Prime Growth Play

Diversified healthcare company Abbott (ABT) has demonstrated significant innovations across its segments, and given its dominant market position, the company’s prospects look bright. The stock could be a solid choice as it is well-positioned to survive short-term market fluctuations. Let’s discuss this in detail….

StockNews.com

This Top-Rated Healthcare Stock Is Trading at a 25% Discount

Medical device company Abbott Laboratories (ABT) reported impressive first-quarter results and affirmed its strong performance guidance for fiscal 2022. Furthermore, the company is well-positioned to benefit from its diversified business. However, amid the heightened market volatility, the stock is trading 25.5% below its 52-week high. So, the current dip in…

StockNews.com

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FDA Probes Another Infant Death Given Abbott Formula, Less Than Month After Troubled Plant Reopens

Problems for Abbott Laboratories' (NYSE: ABT) Sturgis plant in Michigan for baby formula powder refuse to subside. The FDA was recently notified of another infant's death who was given formula made at Abbott's Sturgis facility.

Benzinga

FDA probing death of another child said to have consumed Abbott baby Formula

Shortage of formula has created more headaches for Biden administration

The Independent UK

FDA investigates death of another infant given Abbott formula

U.S. Food and Drug Administration officials are investigating the death of another infant who was given formula made by Abbott Laboratories.

Tribune News Service

Abbott plans offices in Chicago’s Willis Tower

The medical device maker will keep its headquarters in the northern suburbs but says a downtown location works for employees who want to avoid a long commute.

Chicago Sun-Times

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Key US baby formula plant closes again as ‘torrential storms’ cause flooding

Production halt at Abbott Laboratories in Michigan will probably extend shortages for ‘a few weeks’

The Guardian - US

Baby formula company stops production again due to storms

It is unclear when the facility will restart production

The Independent UK

Abbott again halting baby formula production at its Michigan facility after flooding

Less than two weeks after restarting formula production at its Michigan facility, Abbott has again had to halt manufacturing there amid flooding.

Chicago Tribune

Abbott's baby formula plant closes again after severe storms and flooding

Abbott's Sturgis, Mich., plant was open for less than two weeks before it had to close again after flooding from severe weather. The company said it hopes to resume production in a few weeks.

WEKU

Baby formula production at Michigan plant delayed by severe flooding

Barely two weeks after production restarted at a Michigan plant that supplies baby formula, flooding in the area has shut down the work as supply continues to dry up nationwide.

Tribune News Service

Production at bedeviled baby formula factory halted by storm

Severe weather has forced Abbott Nutrition to pause production at a Michigan baby formula factory that had just restarted

The Independent UK

More Trouble For Baby Formula Production As Thunderstorms, Flood, Hit Abbott's Troubled Michigan Plant

Just a few weeks after reopening its baby formula Sturgis, Michigan plant, Abbott Laboratories (NYSE:ABT) said it paused EleCare specialty baby formula production after recent thunderstorms flooded part of the facility. The company has informed the FDA and will conduct comprehensive testing with an independent third party to ensure the plant is safe to…

Benzinga

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Axios

Abbott halts production at Michigan baby formula plant after storm causes flooding

The beleagured Sturgis plant only resumed production less than 2 weeks ago.

The Independent UK

Many baby formula plants weren't inspected because of COVID

U.S. regulators have historically inspected baby formula plants at least once a year, but they did not inspect any of the three biggest manufacturers in 2020

The Guardian - US

US infant formula shortage: doctors worry about babies’ development as crisis continues

Despite US efforts to increase supply, there are reports of babies being rushed to hospitals and a growing black market for formula

ABC News

US company Abbott Nutrition restarts baby formula plant linked to contamination

The company that runs the largest baby formula factory in the US has reopened its plant, but consumers may be waiting months before supply levels return to normal.

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The Guardian - US

Michigan baby formula maker resumes production after safety shutdown

The Abbott facility was closed in February after a recall involving bacterial infections in infants which led to a nationwide shortage

WEKU

Abbott's baby formula plant is reopening in a step that could soon ease the shortage

Abbott's initial re-release of products will be available to consumers beginning around June 20, the company says. The facility was forced to close after a bacterial contamination at the site.

The Independent UK

Abbott restarts baby formula plant linked to contamination

Abbott says it's restarted production at the Michigan factory that's tied to the ongoing baby formula shortage

Axios

Some Abbott specialty baby formulas expected in stores later this month

An Abbott plant in Michigan has resumed manufacturing some speciality formulas that are hard to find.

WEKU

The FDA is facing an investigation into its handling of the baby formula shortage

The Department of Health and Human Services wants to know if the FDA followed its rules and procedures in investigating the contamination of baby formula and recalling it.

The Independent UK

‘They did, but I didn’t’: Biden denies baby formula makers’ claim shortage was expected in awkward joint briefing

‘I don’t think anyone anticipated the impact of the shutdown of Abbott facility’, Biden says shortly after manufacturers say they expected shortage

Tribune News Service

Baby formula makers tell Biden they knew shortages would be dire

WASHINGTON — President Joe Biden defended his administration’s response to a national baby formula shortage, saying he acted as soon he became aware of the crisis in April — even as manufacturers told him Wednesday they saw it coming months earlier.

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