Abbott under investigation by SEC and FTC for baby formula business

📆 2/20/2023 12:00 PM
📰 6abc

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Abbott's recall ricocheted across American groceries and families' pantries, exacerbating an already mounting supply issue, and forcing families to scramble for what their babies needed for months.

During the height of the severe shortage last May, the FTC had already launched an inquiry into the formula crisis, probing potential unfair and illicit enterprises which may be exploiting parents' desperation amid the crisis.

The news of these latest inquiries into Abbott also follows the recent health expert analysis which called out major formula companies, Abbott included, for "exploitative" marketing and aggressive lobbying practices.

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Think they will bother to look at why the FDA wasn’t inspecting the facilities too or naw?

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