Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers, including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O), expects shortages and heightened demand to last for the “balance of the year,” Chief Executive Murray Kessler told Reuters in an interview.
The Biden administration this week has come under increasing pressure to address a baby formula shortage, which has roots in a February recall of some formulas by one of the nation’s main manufacturers, Abbott Laboratories (ABT.N).
“We have stepped up and are killing ourselves to do everything we can,” Kessler said.
Perrigo’s formula manufacturing facilities in Ohio and Vermont are now running at 115% of capacity, Kessler said.
At the request of the U.S. Food and Drug Administration, Perrigo is focusing on four items, the store-brand versions of Similac Pro Sensitive and Pro Advance and Enfamil Gentle Ease and Infant, Kessler said.