Reckitt

The rout came after it was reported that an Illinois jury ordered the company’s Mead Johnson unit to pay $60 million in compensation related to the death of a premature baby fed Enfamil. The rout came after it was reported that an Illinois jury ordered the company’s Mead Johnson unit to pay $60 million in compensation related to the death of a premature baby fed Enfamil. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

Reckitt Benckiser posted a sharp drop in its profits for 2023, as higher prices failed to offset lower sales, in a “grim” set of results that put the company on course for its sharpest share price drop in years. Reckitt Benckiser posted a sharp drop in its profits for 2023, as higher prices failed to offset lower sales, in a “grim” set of results that put the company on course for its sharpest share price drop in years. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno…

Strong demand for infant formula in the U.S. and higher sales of cold and cough medicines boosted Reckitt Benckiser Group PLC in the second quarter, propelling the Enfamil and Mucinex owner to sharply raise its sales guidance for the year. The London-listed company has been a beneficiary of formula product recalls and a production halt at rival Abbott Laboratories, which makes the Similac brand. Abbott’s problems exacerbated existing shortages related to…

Robert Cleveland, senior vice president of nutrition for North America and Europe at Reckitt, speaks via video conference during a House Commerce Subcommittee hearing in Washington, D.C., on Wednesday, May 25, 2022.Sarah Silbiger | Bloomberg | Getty ImagesBaby formula manufacturer Reckitt has the capacity to produce at least 21 million 8-ounce bottles of infant formula at its plants in Asia and Latin America for the U.S. market if the Food an Drug Administration gives it the green light, a senior company executive said…