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Similac Recall By Abbot Laboratories Hits Parents
NORTH CHICAGO (GaeaTimes.com)- Parents of infants in many countries got a shock on Wednesday when Abbot Laboratories Inc.went on to recall millions of its Similac-brand formulas for infants from the market.
Similac Recall By Abbot Laboratories Hits Parents
NORTH CHICAGO (GaeaTimes.com)- Parents of infants in many countries got a shock on Wednesday when Abbot Laboratories Inc.went on to recall millions of its Similac-brand formulas for infants from the market.

WASHINGTON - Drugmaker Abbott Laboratories said Wednesday it is recalling millions of containers of its best-selling Similac infant formula that may be contaminated with insect parts.

NORTH CHICAGO, Ill. - Abbott Laboratories said Tuesday it will eliminate 3,000 jobs and take almost $1.3 billion in charges over the next two years as it integrates its Solvay pharmaceuticals business.

Abbott Laboratories' first-quarter profit met Wall Street expectations on better-than-expected sales of its drug Humira, though the company lowered its profit outlook due to the impact of the health care overhaul.
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