- Abbott Laboratories ABT has reopened its Sturgis, Michigan, baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters.
- Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare.
- Related: More Trouble For Baby Formula Production As Thunderstorms, Flood, Hit Abbott's Troubled Michigan Plant.
- The company, which has been at the center of a baby formula shortage in the U.S., shut down the plant in February and recalled its infant formula products, including Similac, after reports of bacterial infections in babies who had consumed products made at the facility.
- Price Action: ABT shares closed at $109.26 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
