June 29, 2022

Market and Financial News

Market and Financial News Aggregator

The Continuing Baby Formula Shortage

2 min read


Photo:

Jacquelyn Martin/Associated Press

Life is hard enough without incompetent federal interventions into a functioning marketplace. It probably goes without saying that one of the reasons to avoid man-made disasters is that other disasters are going to occur naturally, and maybe at the worst possible time. The baby formula shortage created by the U.S. Food and Drug Administration is far from over, and nature just ensured that it will last a little longer than expected.

The Journal’s Sharon Terlep reports:

Abbott Laboratories

said it has paused baby-formula production at its plant in Sturgis, Mich., after recent thunderstorms flooded part of the facility, causing another setback for the company’s efforts to help alleviate a nationwide formula shortage.

Abbott said Wednesday that it had stopped production of its EleCare specialty formula, which it had recently restarted, so it could assess damage from the storms and clean the plant. The halt will delay distribution of new product by a few weeks, the company said.

“Torrential storms produced significant rainfall in a short period of time—overwhelming the city’s storm water system in Sturgis, Michigan, and resulting in flooding in parts of the city, including areas of our plant,” the company said.

Abbott said it has sufficient supply of EleCare and most of its specialty and metabolic formulas to meet customer needs until the new product is available. Abbott said it had informed the U.S. Food and Drug Administration and it will conduct tests to ensure the plant…



2022-06-16 14:09:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.