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Abbott Laboratories Topics

Abbott to Pay $1.6 Billion Over Illegal Marketing

Abbott Laboratories said it reached an agreement with the federal government and most states to pay $1.6 billion in connection with its marketing of the anti-seizure drug Depakote... The four whistle-blowers are to share $84 million in federal rewards and $22 million for state-level claims...

Senh: Dang, the four whistle-blowers will get nearly $100M from that settlement. If you work for a huge corporation dabbling in illegal activities, blow the whistle on them - you can be a multi-millionaire if you're successful.

 

Company Recalls Infant Formula on Bug Contaminant

Drugmaker Abbott Laboratories says it is recalling a line of infant formula which may be contaminated with insect parts.

Senh: How the hell do bugs get into infant formula?

 

Solvay sells drugs unit to Abbott for $6.6 billion

Belgian drugs, chemicals and plastics maker Solvay said on Monday it would sell its drugs unit to U.S. partner Abbott Laboratories for 4.5 billion euros ($6.61 billion) in cash and reinvest in chemicals and plastics.

 

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