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Infant formula maker Mead Johnson Nutrition Co. said Thursday its third-quarter net income climbed 9 percent compared with the same quarter last year, when retailer inventory reductions dampened its sales.
The Glenview, Ill., company earned $106.1 million, or 52 cents per share, in the three months that ended Sept. 30, up from $97.6 million, or 48 cents per share, in the same quarter last year. Adjusted earnings were 57 cents per share.
The Food and Drug Administration warned Mead Johnson Nutrition Co. about the packaging for some of the company’s Enfamil infant formulas.
In a letter dated Oct. 18 that was posted to the agency’s Web site Tuesday, FDA said Mead Johnson didn’t give the FDA product specifications about a new plastic tub and lid used to store certain types of powdered Enfamil. Get the full story »
An Illinois mother is requesting class-action status in a lawsuit she filed against Abbott Laboratories Inc. over the recall of millions of containers of its top-selling Similac powered infant formula, which she claims, sickened her child and thousands of other children.
Abbott recalled the products on Sept. 22, following two reports from consumers stating they had found beetles or larvae in the formula. The insects and larvae were also found during an inspection at the Sturgis plant in Michigan, where the products are made. Get the full story »
Federal inspectors who were at a Michigan infant-formula plant last winter discovered no significant problems, months before the company found beetles near the production line. North Chicago, Ill.-based Abbott Laboratories recently recalled several brands of Similac formula, although the company said the possibility of bug parts in the products was remote.
Abbott Laboratories Inc. said it is recalling millions of containers of its top-selling Similac powdered infant formulas after beetles were found in the products and in a Michigan plant where they are made.
Abbott said Wednesday the voluntary recall follows reports by two consumers of contamination and its inspection of an area of the plant in Sturgis, Michigan, where beetles or their larvae were found. Abbott said “less than 5 million units” of Similac are being recalled in the United States, Guam, Puerto Rico and other Caribbean markets. Get the full story »
