✉news HealthNutrition first seen 1 d ago, last 5 h ago, peak #5
Abbott to spin off nutrition unit facing baby formula lawsuits
Original: Abbott Laboratories to spin off nutrition unit at centre of baby formula lawsuits
Abbott Laboratories has announced plans to spin off its nutrition business, the unit at the centre of litigation over its baby formula products. The move would separate the division, which includes infant formula, from the company's medical devices and diagnostics operations. The announcement drew attention because the unit faces lawsuits over claims its formula caused serious illness in premature infants.
Why now: The spin-off places a business unit facing major product litigation under new scrutiny about liability and corporate strategy.
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