Abbott and Reckitt Win Key Legal Battle Over Preterm Formula Liability
A Missouri jury cleared the companies of responsibility for a boy's intestinal disease, marking their first victory in a series of similar lawsuits.
- The St. Louis jury found Abbott and Reckitt's Mead Johnson not liable for failing to warn about the risks of their preterm infant formulas.
- This verdict contrasts with previous cases where Abbott and Mead Johnson faced multimillion-dollar damages for similar allegations.
- The companies argue there is no scientific evidence linking their formulas to necrotizing enterocolitis, a severe disease affecting premature infants.
- Following the ruling, Abbott and Reckitt's stocks rose, with analysts suggesting the win could reduce potential liability costs significantly.
- Despite this victory, nearly 1,000 similar lawsuits are pending, raising concerns about the future availability of these specialized formulas.