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- Abbott Laboratories ABT has reopened its Sturgis, Michigan, baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters.
- Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare.
- Related: More Trouble For Baby Formula Production As Thunderstorms, Flood, Hit Abbott's Troubled Michigan Plant.
- The company, which has been at the center of a baby formula shortage in the U.S., shut down the plant in February and recalled its infant formula products, including Similac, after reports of bacterial infections in babies who had consumed products made at the facility.
- Price Action: ABT shares closed at $109.26 on Friday.
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ABTAbbott Laboratories
$132.05-1.16%
Edge Rankings
Momentum
80.77
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99.11
Quality
62.36
Value
45.11
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