Yeah it's a bit confusing but there's much more to it than that. The full details are here:
https://www.fda.gov/food/infant-formula-guidance-documents-regulatory-information/regulations-and-information-manufacture-and-distribution-infant-formula#manufactureThere is a section further down about a "submission" which is required and includes all details about the formula including evidence of quality factor requirements (which requires clinical trials to be conducted for the product). These must all be satisfied before it is legal to market the product.
It still sounds doable to me but these hurdles were insurmountable for another NZ company, Munchkin, which is also manufactured by Synlait. They gave up on obtaining FDA registration.
From what I've read, it's very hard for other countries to get products to meet the FDA specific requirements, so much so that there's a black market for European formula. You can read a bit more about it here:
https://www.nytimes.com/wirecutter/blog/us-parents-european-baby-formula/
- Forums
- ASX - By Stock
- FDA approval for infant formula
Yeah it's a bit confusing but there's much more to it than that....
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.77 |
Change
-0.130(2.20%) |
Mkt cap ! $4.171B |
Open | High | Low | Value | Volume |
$5.87 | $5.91 | $5.77 | $8.457M | 1.452M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 12297 | $5.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.82 | 7000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 6890 | 5.750 |
4 | 1190 | 5.740 |
1 | 800 | 5.710 |
4 | 1985 | 5.700 |
2 | 733 | 5.680 |
Price($) | Vol. | No. |
---|---|---|
5.820 | 7000 | 1 |
5.830 | 168 | 1 |
5.860 | 10000 | 2 |
5.870 | 1810 | 2 |
5.890 | 1000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online