Another baby formula shipment from Europe to arrive in the U.S. on Wednesday

Another baby formula shipment from Europe to arrive in the U.S. on Wednesday


Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, May 10, 2022.

Kaylee Greenlee Beal | Reuters

FedEx Express has secured a government contract to bring another shipment of infant formula to the U.S. on Wednesday, NBC News reported.

The Express plane will fly Nestlé baby formula from Ramstein Air Base in Germany to Dulles International Airport near Washington, D.C. From there, the formula will be transported to a Nestlé facility in Pennsylvania. It’s unclear how much formula the plane will carry.

The move is meant to address a critical shortage of baby formula in the United States after top formula maker Abbott Laboratories closed a manufacturing plant following reports of bacterial infections in four infants.

Abbott said it would take about two weeks to reopen the plant and up to eight weeks for products to hit the shelves nationwide. That’s left a wide gap for scores of parents across the nation.

In an effort to ease the burden, the Food and Drug Administration is increasing baby formula imports from other countries. Dubbed “Operation Fly Formula,” the first shipment, carrying 78,000 pounds of specialty infant formula, arrived Sunday.

President Joe Biden has also invoked the Defense Production Act to increase baby formula manufacturing. His administration is seeking to stock shelves with 1.5 million containers of Nestle specialty infant formula.



Source

Virtual chronic care company Omada Health files for IPO
Health

Virtual chronic care company Omada Health files for IPO

Omada Health smart devices in use. Courtesy: Omada Health Virtual care company Omada Health filed for an IPO on Friday, the latest digital health company that’s signaled its intent to hit the public markets despite a turbulent economy. Founded in 2012, Omada offers virtual care programs to support patients with chronic conditions like prediabetes, diabetes […]

Read More
Startup Teal Health wins FDA approval for at-home test for cervical cancer screening
Health

Startup Teal Health wins FDA approval for at-home test for cervical cancer screening

The Food and Drug Administration on Friday approved the first-ever at-home test for cervical cancer screening, developed by San Francisco-based startup Teal Health. The company began developing the prototype for its Teal Wand just over five years ago. The concept was to make cervical cancer screening more accessible via telehealth and a test that could […]

Read More
These 6 portfolio names pledged big U.S. investments since Trump took office again
Health

These 6 portfolio names pledged big U.S. investments since Trump took office again

Many of the biggest U.S. companies have pledged to invest trillions of dollars in the United States since President Donald Trump started his second term — including six names in our portfolio. These moves are aimed at aligning companies with the president’s vision for a new global trade order designed to bring manufacturing jobs back […]

Read More