Small cost, compared with what they made on the stock buybacks.No incentive? Lol! Getting shut down for 3+ months.
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Small cost, compared with what they made on the stock buybacks.No incentive? Lol! Getting shut down for 3+ months.
They found it in the plant and adulterated equipment.Based on agency inspectors’ findings over several weeks earlier this year, production at the plant was halted, worsening shortages that had arisen earlier from supply chain issues.
…
Government officials’ tests of unopened formula containers at the homes of the four sick babies were all negative for cronobacter,
Major stores like Target and CVS pulled Similac off their shelves as soon as the FDA launched their investigation.Based on agency inspectors’ findings over several weeks earlier this year, production at the plant was halted, worsening shortages that had arisen earlier from supply chain issues.
…
Government officials’ tests of unopened formula containers at the homes of the four sick babies were all negative for cronobacter, Abbott said, and one of three open containers from the homes tested positive. The positive one contained two different strains of cronobacter: one that matched the strain that caused the infant’s infection and another matching germs found on a bottle of distilled water used to mix the formula, Abbott said.
So you'd give it to your kid?Except it was found that the babies didn't die from the formula.
Clearly, that's a big 'NO'.So you'd give it to your kid?
At 26, he's a little old for formula. If it was found to be safe, yes, I would have given it to him. It's safer than the Pfizer COVID vaccine.So you'd give it to your kid?
What is "overly regulated"?Overly regulated market
What is "overly regulated"?
Be specific. Because that market regulation has been in place for many decades w/o problems.
That largely occurred under Trump and further back. Not at all now. Biden fixing yet another issueGovernment regulation created the playing field that allowed Abbott to gain their excessive share of the domestic market,... too many eggs in one basket.
That largely occurred under Trump and further back. Not at all now. Biden fixing yet another issue
In TN and KY for sureI may be mistaken, but I think mountain dew is an acceptable substitute
Resolution of the issue currently then you go back and assess the whys and address, which they will.Been that way for years,.. Current slow response from the FDA belongs to the Biden administration,.. Nothing is being fixed. Mostly scrambling going on right now.
Yes, that's what should happen...Resolution of the issue currently then you go back and assess the whys and address, which they will.
KC is correct. Not much the government can do unless the FDA and CDC are being tardy with getting the contamination issue resolved and the Michigan plant back on line.
I agree with the first part, but if you think the FDA will make any major changes in the near term, you are optimistic.Resolution of the issue currently then you go back and assess the whys and address, which they will.
You have history on your side for sure, being able to import from Canada immediately when necessary would have a big impact going forward just with that measure.I agree with the first part, but if you think the FDA will make any major changes in the near term, you are optimistic.
I'm aware that one other federal agency is playing a bit loose with regulations, for whatever reason. I assume they are just short staffed, but it could be just lack of any accountability.You have history on your side for sure, being able to import from Canada immediately when necessary would have a big impact going forward just with that measure.
FDA should have allowed imports months ago.
Yep. President made aware of problem is fixing it and now shit needs to be addressed.FDA should have allowed imports months ago.
It's the FDA's job to know what food and drugs are critical.I suspect that the governmental agencies involved got caught a little flat footed here by not immediately understanding how quickly this was going to turn to shit...
It's the FDA's job to know what food and drugs are critical.
FDA has known of the problem for months. Would have been nice if they were more proactive...Yep. President made aware of problem is fixing it and now shit needs to be addressed.
Government regulation created the playing field that allowed Abbott to gain their excessive share of the domestic market
No, that had nothing to do with "regulation".
Everyone has to meet the same regulations.
You're flailing now.
I 100% agree. Biden now in loop and shit is being addressed.FDA has known of the problem for months. Would have been nice if they were more proactive...
Those regulations to include something as benign as improper labeling prevented imports from Europe, Australia ect....so they contributed to Abbots over sized market share.No, that had nothing to do with "regulation".
Everyone has to meet the same regulations.
You're flailing now.
Couple months late....why did it take so long to "get in the loop" is the main question.I 100% agree. Biden now in loop and shit is being addressed.
I think their marketshare is more due to their ability to get their products into hospitals. They did the Tylenol thing where you give it to hospitals for next to nothing, and everyone learns to trust the brand.Government regulation created the playing field that allowed Abbott to gain their excessive share of the domestic market,... too many eggs in one basket.
If he wasn't made aware there was an issue looming not sure how we could. He has a laundry list of items already before.Those regulations to include something as benign as improper labeling prevented imports from Europe, Australia ect....so they contributed to Abbots over sized market share.
Couple months late....why did it take so long to "get in the loop" is the main question.
The FDA should have made him aware...couple heads should roll.If he wasn't made aware there was an issue looming not sure how we could. He has a laundry list of items already before.
I agreeThe FDA should have made him aware...couple heads should roll.
Seems pretty crazy that the administration has just been made aware the last couple weeks.
This is from January...
Baby formula shortage: What parents need to know
Formula manufacturers said they have produced the products, but transportation and delivery issues may be causing bare shelves.www.actionnewsjax.com
I'd say the national news media kind of dropped the ball here as well as you can find local news reports from months ago...
Seems everyone was slow off the mark on this.
Personally, I think the FDA is the main culprit for not up channeling much sooner...
Those regulations to include something as benign as improper labeling prevented imports from Europe, Australia ect....so they contributed to Abbots over sized market share.
Border patrol?I'm aware that one other federal agency is playing a bit loose with regulations, for whatever reason. I assume they are just short staffed, but it could be just lack of any accountability.