FDA Setting New Framework To Maintain Infant Formula Supply

RTTNews | 915 days ago
FDA Setting New Framework To Maintain Infant Formula Supply

(RTTNews) - The U.S. Food and Drug Administration is looking to set a new framework to further improve and maintain the supply of infant formula to ensure that American consumers have access to safe and nutritious infant formula.

Infant formula is an essential food product that is the sole source of nutrition for many babies in the U.S. The recent shutdown of a major infant formula plant and unforeseen natural weather events has put a spoke in the supply chain of infant formula.

However, the FDA sets rigorous standards for companies and their manufacturing facilities to ensure the formula is both safe and nutritious.

The FDA issued guidance in May 2022 to temporarily exercise enforcement discretion to address the temporary shortage of infant formula. The agency has prioritized review of requests from firms that can supply large volumes of both safe and nutritious formula to get back the product onto U.S. shelves quickly.

The FDA's flexibilities have enabled the agency to help dramatically increase infant formula supplies to address the shortage. To date, it has resulted in a total estimated quantity of more than 400 million, 8-ounce bottles worth of formula from nine countries for children in the U.S.

The agency's flexibility has also resulted in creating more resiliency in the U.S. infant formula supply chain and reducing the risk of reliance on too few production facilities supporting the U.S. It also helped bring safe and nutritionally adequate infant formula products into the U.S. marketplace on a temporary basis to address the formula shortage.

To help provide for the long-term availability and marketing of many of these brands of infant formula, The FDA has determined to set a more streamlined pathway.

The agency is now looking to provide a single technical assistance contact for any company aiming to enter the U.S. infant formula market. This will make it easier for potential new entrants to navigate the FDA's regulatory review process. It is also expected to encourage more entrants into the market, including new domestic firms.

Further, the FDA will provide a pathway for companies that import, sell, and/or distribute formula under its temporary enforcement discretion policy to continue to supply infant formula to the U.S. past November, when the May guidance is set to expire.

The FDA also intends to host meetings this summer with companies that import, sell, and/or distribute formula under the FDA's temporary enforcement discretion policy to determine what additional steps would be needed to provide a pathway to long-term, uninterrupted marketing for safe and nutritious formula.

The FDA expects that these continued efforts will help the new entrants to the U.S. market for infant formula to better understand their options to continue producing and supplying instant formula to the U.S. in the future also.

read more
Indian Economy To Expand 6.4% In FY25, Weakest In 4 Years: Govt Estimate

Indian Economy To Expand 6.4% In FY25, Weakest In 4 Years: Govt Estimate

India's economy is set to grow at the slowest pace in 4 years in the fiscal year 2024-25, initial estimates from the government showed on Tuesday. Gross domestic product is expected to grow 6.4 percent in the financial year ending March 31 following an 8.2 percent expansion in the previous fiscal.
RTTNews | 5h 41min ago
Swiss Market Ends On Strong Note After Inflation Data

Swiss Market Ends On Strong Note After Inflation Data

The Switzerland market closed on a strong note on Tuesday with stocks shrugging off early weakness and gaining in strength as the day progressed. Data showing a slowdown in consumer price inflation aided sentiment.
RTTNews | 7h 12min ago
European Stocks Close Higher As Markets React To Economic Data

European Stocks Close Higher As Markets React To Economic Data

European stocks closed mostly higher on Tuesday despite struggling a bit early on in the session, as investors digested a slew of regional economic data and continued to bet on more monetary easing by central banks in the first quarter of 2025.
RTTNews | 7h 28min ago
U.S. Dollar Climbs After Solid Economic Data

U.S. Dollar Climbs After Solid Economic Data

The U.S. dollar advanced against its major counterparts in the New York session on Tuesday, as strong economic data supported expectations of slower rate cuts by the Federal Reserve.
RTTNews | 7h 56min ago
Canadian Market Pares Early Gains, Down Slightly At Noon

Canadian Market Pares Early Gains, Down Slightly At Noon

The Canadian market is down slightly a little past noon on Tuesday after having moved higher early on in the session thanks to gains in energy and materials sectors thanks to firm commodity prices. Trade war concerns, and political uncertainty in Canada following the resignation of Prime Minister Justin Trudeau weigh on stocks.
RTTNews | 8h 52min ago
U.S. Job Openings Unexpectedly Increase In November

U.S. Job Openings Unexpectedly Increase In November

Job openings in the U.S. unexpectedly increased in the month of November, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings rose to 8.098 million in November from an upwardly revised 7.839 million in October.
RTTNews | 10h 39min ago
NVIDIA Unveils Generative AI Products; Teams Up With Uber, Toyota

NVIDIA Unveils Generative AI Products; Teams Up With Uber, Toyota

AI chipmaker Nvidia Corp. announced major product advancements in the field of generative artificial intelligence, amid significant growth of AI worldwide. The tech major also revealed partnerships with major corporates, including Uber Technologies, Inc., Toyota Motor Corp. and Accenture, at the Consumer Electronics Show or CES 2025 in Las Vegas.
RTTNews | 10h 39min ago
U.S. Services Index Rises More Than Expected In December

U.S. Services Index Rises More Than Expected In December

The Institute for Supply Management released a report on Tuesday showing its reading on U.S. service sector activity increased by more than expected in the month of December. The ISM said its services PMI climbed to 54.1 in December from 52.1 in November, with a reading above 50 indicating growth. Economists had expected the index to rise to 53.3.
RTTNews | 10h 48min ago