business

Abbott Labs Settles Bacterial Contamination Case

$385M Price Tag for Abbott Labs' Safety Slip Ups The pharmaceutical industry has long faced criticism on issues of safety, efficacy, and corporate accountability.

A recent example is the nearly $385 million settlement between Abbott Laboratories and federal authorities over a bacterial contamination issue at its Michigan plant.

The fine itself is notable, but what's more striking is the behind the scenes maneuvering that led to this outcome.

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