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Recall at Medtronic

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The FDA issued a Class I recall on Medtronic, Inc’s. (NYSE:MDT) guidwires. According to the FDA, the guidewires used in heart related procedures, which Medtronic produces show signs of defects that could potential cause harm or even death to patients. The Class I recall is for products that have the capacity to cause death or serious injuries. Coating around the guidewires can break off during a heart procedure and cause blockage of blood vessels, which induces cardiac arrest. The stock is trading slightly lower on the bad news. The FDA recall affects 15,000 guidewires in circulation.