BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Mead Johnson Nutrition Company Falls Most in 8 Months on China Milk Probe


7/8/2013 7:29:56 AM

Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

Mead Johnson Nutrition Co. (MJN) plunged the most in eight months after China said regulators are investigating whether the prices of infant formula are too high. Mead Johnson declined 8.1 percent to $68.85 at the close in New York, biggest drop since Oct. 25. The Glenview, Illinois-based company fell 16 percent in the past 12 months. China’s National Development and Reform Commission, the country’s top economic planning agency, has evidence milk-powder companies sold products at prices in China that have increased about 30 percent since 2008, the official People’s Daily reported yesterday. Safety scares such as a melamine-tainted milk powder scandal in 2008 that killed at least six infants have increased Chinese consumers’ distrust of local milk and driven up purchases of international brands. Abbott Laboratories (ABT), Danone, and Nestle SA (NESN) are also part of the probe, according to the newspaper. Abbott, based in Abbott Park, Illinois, declined 1.8 percent to $34.25.

Help employers find you! Check out all the jobs and post your resume.



   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES