Abbott Nutrition US Sales Grow: Health And Wellness Industry News Roundup
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Executive Summary
Organic Trade Association urges FTC to issue guidance to makers of non-food products making organic claims; Ritual adds funding, begins sales; and more news in brief.
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Probiotics Sales Boom Grows On Beverages, Children’s Products
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Abbott's ‘Bedrock Of Good Health’ Nutritionals Business Faces Mounting Infant Formula Litigation
Nutritional product business had 5.1% Q1 sales growth and is like Abbott’s other segments, “super well-aligned to the global demographics and trends in health care,” says CEO Ford. But as it defends complaints of damages from powder formulas made at facility found with unsafe levels of bacterial contaminants, Abbott’s also targeted in litigation alleging failure to warn about risk of infants born prematurely developing necrotizing enterocolitis if fed cow’s milk-based formula.