Johnson & Johnson's Unit Recalls Certain Electrosurgical Tools Due Risk Of Burn Injuries
Portfolio Pulse from Vandana Singh
Johnson & Johnson's unit, Megadyne, is recalling its MEGA 2000 and MEGA SOFT reusable patient return electrodes due to reports of patients receiving burn injuries. The FDA has classified this recall as the most serious, indicating that the use of these tools could lead to injuries or death. Megadyne has reported 63 injuries and no deaths related to this issue. The recall affects 21,200 units of the electrosurgery tools distributed between March 11, 2021, and May 9, 2023.
July 11, 2023 | 5:08 pm
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Johnson & Johnson's stock may be negatively impacted in the short term due to the serious recall of its unit's electrosurgery tools. The recall could lead to reputational damage and potential lawsuits.
The recall of a product, especially one classified as 'most serious' by the FDA, can have a negative impact on a company's stock. This is due to potential reputational damage, loss of sales, and the possibility of lawsuits. As Johnson & Johnson is directly responsible for this product, the impact on its stock is likely to be negative in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100