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Abbott’s Earnings Guidance Unchanged With Questions On Formula Recall Unanswered

 
• By Malcolm Spicer

Latest announcement about recall not reported in SEC filing came in FDA posting of Abbott’s announcement concerning an expansion of firm’s recall to include an additional lot of Similac powder.

• Source: Alamy

Abbott Laboratories Ltd maintains its full-year earnings guidance despite one-time costs of an undetermined amount it will incur related to its ongoing recall of Similac and other infant formula brands made at a plant where bacterial contaminations were found.

The US Food and Drug Administration says, upon completing its investigation of facility operated by the firm's Abbott Nutrition division in Sturgis, MI, where contaminated formula powder potentially linked to...

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Brands also making market moves as lawmakers consider legislation instructing Transportation Security Administration to provide guidance to minimize risk for contamination of baby formula and related pediatric nutritional products.

Different Name, Same Contamination, Recall Problems For US Homeopathic Nasal Spray Firm

 
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More from Policy & Regulation

US FDA Supplement Office Chief Eyes ‘Movement’ This Year On NDI Notifications Final Guidance

 
• By Malcolm Spicer

“We've made some progress and really hope to see some movement as we move forward this year,” says FDA Office of Dietary Supplement Programs director Cara Welch.

Kennedy’s Balancing Act: Push MAHA, Trim Regs

 
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Supplementation Unlikely To Help With Hereditary Hair Loss, Says German Agency

 
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Germany’s Federal Institute for Risk Assessment says that there is "no evidence that people with androgenetic alopecia have special dietary needs or a special nutrient requirement.”