Why four companies dominate the baby formula industry

  • 📰 axios
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Four companies have 87% of the market for baby formula. Critics say that set the stage for shortages.

Republicans have criticized the FDA for cracking down too hard on Abbott, while Democrats have blasted the industry for lacking competition.

The product is expensive to make because it’s medically sensitive and it’s tightly regulated by the FDA, whose temporary shutdown of the Abbott Nutrition plant in Sturgis, Michigan, after a foodborne pathogen was discovered there has exacerbated the shortage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines