An unknown bandit made off with a trailer shipment of Abbot Laboratories’ (NYSE:ABT) blood glucose monitoring products, and the company is working with law enforcement officials to get it back.
In the mean time, the company warned pharmacies and consumers against products with unusually low prices as an indication that they might be stolen.
Abbott called on all forces, including the the U.S. Food & Drug Administration, the Office of Criminal Investigations, the Federal Bureau of Investigation and others to track down the shipment, which was boosted from a carrier facility in Louisville, Ky.
Diabetes test strips have been at the center of black-market trafficking before.
Just last month federal prosecutors charged Florida man Jacques Duplessis with trafficking counterfeit Johnson & Johnson (NYSE:JNJ) OneTouch diabetes test strips from China and the U.K. to Canada and the U.S. The feds uncovered his scheme to unload 6,000 boxes of counterfeit strips.
JNJ started fighting diabetes test counterfeiting rings in 2006, following the discovery of fakes circulating in the U.S. market. JNJ hasn’t found evidence of any fake strips in the U.S. market in the last three years but the problem persists in other countries, according toDow Jones.
Boston Scientific (NYSE:BSX) has its own stolen shipments to chase after. Last month the medical device giant warned customers that unsterilized endoscopic, urology and women’s health instruments were pilfered early in April while en route to a sterlilization facility.
*Correction, June 27, 2011: Due to reporter error, this article originally stated that St. Jude Medical’s shipment was stolen, as a subsidiary of Abott Laboratories. St. Jude is not a subsidiary of Abbott Laboratories, and the shipment belonged to Abbott. Return to the corrected sentence.