Mead Johnson Drops as Wal-Mart Pulls Formula After Death
By Aulia Afzal
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Jumat, 23 Desember 2011
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Mead Johnson Nutrition Co., maker of the Enfamil baby formula, fell the most ever after Wal-Mart Stores Inc. pulled a batch of the powdered product after a newborn given it died. There is no evidence the second infant that was sickened was given the same formula, Mead Johnson said.
Mead Johnson dropped 10 percent to $68.76 at the
close of New York trading. The decrease was the biggest drop since
February 2009, when the Glenview, Illinois-based company's shares were
first publicly traded.
The baby who died in Lebanon, Missouri, tested
positive for Cronobacter, a microorganism found in the environment that
can cause serious illness, wrote Chris Perille, a spokesman for Mead
Johnson, in an e-mailed statement today. The batch used by the child's
family tested negative when it was made and packaged, and the results
were reconfirmed after the news, he wrote.
“The family purchased the formula at a Wal-Mart
store, and ‘out of an abundance of caution' Wal-Mart decided to
voluntarily ‘pull & hold' the same size cans (12.5 oz.) of Enfamil
Newborn from the same batch code until the investigation is completed,”
Perille said.
Health officials will examine a range of possible sources of the
bacteria, including the formula consumed and the water used to prepare
it, Perille said.
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source article: businessweek.com
source image:blackfridayplanet.com
Category: Health
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