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0 0.00972309245727826 0.00972309245727826 0.00945263091465577 0.00945263091465577 0.0109600032455385 0.00157949540891522 0.00837078474416592
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Abbott accused of deceiving parents with potentially harmful formula for toddlers [CBS News]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: CBS News
infants and toddlers, Abbott Laboratories is being sued over how it pitches such products. Abbott, a health care products conglomerate based in Illinois, is misleading parents and other caregivers about the nutritional value of its sugar-laden toddler milks, according to a lawsuit filed Tuesday by the Public Health Advocacy Institute (PHAI) against the maker of Similac formulas. Marketed for consumption by children ages 12 to 36 months, toddler milk is portrayed as the next step for little ones after they have outgrown infant formulas approved by the U.S. Food and Drug Administration (FDA). Yet unlike baby formula, the toddler milk products are not regulated by the FDA and are potentially harmful, according to PHAI, a nonprofit legal research center located at Northeastern University School of Law. Sales of toddler milk nationwide have averaged more than $500 million a year, according to PHAI's suit, filed in U.S. district court for the Northern District of Illinois. "More tha Show less Read more
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