Abbott Laboratories plans to spin off nutrition business, following years of tumult over infant formulas

Abbott Laboratories plans to spin off its nutrition business into a separate company – a move that follows years of tumult over its infant formulas. The new business will sell Abbott products including Similac, PediaSure, Pedialyte, Glucerna and Ensure. The north suburban-based company also makes medical tests, medical devices and generic pharmaceuticals. The new company is expected to have ...