Baxter International shares are trading lower after the the company issued an Urgent Medical Device Correction for its Spectrum V8 and Spectrum IQ pumps with specific software versions.
Portfolio Pulse from Benzinga Newsdesk
Baxter International has issued an Urgent Medical Device Correction for its Spectrum V8 and Spectrum IQ pumps with specific software versions, causing its shares to trade lower.
July 31, 2023 | 2:40 pm
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NEGATIVE IMPACT
Baxter International's stock is trading lower due to the Urgent Medical Device Correction issued for its Spectrum V8 and Spectrum IQ pumps.
The company's decision to issue an Urgent Medical Device Correction indicates potential issues with its products, which can negatively impact consumer trust and sales, leading to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100