Abbott Laboratories News

Abbott Faces Criminal Probe Over Baby Formula

Abbott Laboratories’ Michigan plant, which was at the center of the U.S. baby formula shortage last year, faces a criminal investigation by the Justice Department, the Wall Street Journal reported on Friday. Panicked parents emptied baby formula aisles at supermarkets …

Reckitt Expects U.S. Infant Formula Shortage Until Spring

The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, according to Reckitt Benckiser, the maker of what is now the biggest brand in the market, …

Federal Investigators to Review FDA Response to Baby Formula Recall

Federal investigators have launched a review into whether the U.S. Food and Drug Administration properly inspected Abbott Laboratories’ Michigan plant and how the agency oversaw the baby formula recall that led to severe U.S. shortages. The review, which is expected …

FDA Says Abbott Baby Formula Plant on Track to Reopen in 1-2 Weeks

Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen Abbott’s baby formula manufacturing plant in Sturgis, Michigan, within one or two weeks, FDA Commissioner Robert Califf said on Thursday. Abbott, the biggest U.S. supplier of …

Alabama Supreme Court Tosses County Claims Against Abbott Over Opioid Crisis

MONTGOMERY, Ala. — The Alabama Supreme Court sided with Abbott Laboratories on Friday and threw out a lawsuit filed by Mobile County against the company over the opioid epidemic. In an 8-0 opinion in which one justice recused himself, the …

White House Vows 150 Million Rapid COVID Tests for Schools, Seniors

President Donald Trump, under fire over his handling of the coronavirus epidemic, announced on Monday the federal government would ship 150 million rapid tests to U.S. states and warned an increase in positive cases is likely in the days ahead. …

Panel to Study Cyber Security Issues at St. Jude After Heart Device Claims

Medical-device maker St. Jude Medical Inc. said it plans to set up a medical advisory board focused on cyber security issues affecting patient care and safety. St. Jude said in a statement that the group, known as the Cyber Security …

St. Jude Files Suit in Minnesota over Heart Device Allegations

St. Jude Medical Inc. said it had filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd. alleging they intentionally disseminated false and misleading information in order to lower the value of St. Jude’s stock …

Jury: Abbott Must Pay $23M in Punitive Damages Over Depakote

Abbott Laboratories was ordered to pay $23 million in punitive damages to a Minnesota girl whose family blamed the company’s epilepsy drug Depakote for causing her birth defects. It was the first verdict against the drugmaker over the medication. A …

Kentucky OxyContin Case Against Purdue Pharma Leads Fight Over Opioid Abuse

No one rises as Circuit Judge Steven Combs enters his courtroom in Pikeville, Kentucky. Combs wears a white shirt and yellow tie, no robe. Lawyers approach the bench as their cases are called, shake the judge’s hand and exchange small …