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Despite 'lost confidence' in Abbott, FDA OKd baby formula plant reopening

May 25, 2022 2:30 PM ETAbbott Laboratories (ABT) StockBy: Jonathan Block, SA News Editor18 Comments

House Hearing Examines The Baby Formula Shortage In America

Alex Wong/Getty Images News

The FDA entered into a consent decree with Abbott (NYSE:ABT) to reopen its troubled Sturgis, Mich., baby formula plant even though the agency "lost confidence" in the company's safety and quality culture, as well as commitment to fix problems

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