- A New York City woman has reportedly sued Abbott Laboratories ABT, accusing them of misleading consumers into believing its PediaSure nutrition drinks were "clinically proven" to increase children's height.
- In the lawsuit, Joanne Noriega said that after a year of two PediaSure drinks per day, her grandson was still short for his age and had become "so overweight" that she stopped buying the drinks.
- Also Read: Republicans Seek Documents, Schedule Hearing Related To FDA's Response To Baby-Formula Shortage.
- Noriega dismissed PediaSure as "just a flavored sugar and milk-based drink that contains vitamins, which cannot cure for shortness."
- She also added that Abbott "knows from its own studies that its Clinically Proven Claim is false and misleading."
- "This case is without merit," Reuters reported citing Abbott's statement. "PediaSure is a scientifically designed complete and balanced nutrition solution for children to help support growth and development."
- Price Action: ABT shares are down 0.15% at $109.68 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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