Software Update Leads To False Alarms In Baxter's Spectrum Infusion Pumps, Urgent Correction Underway
Portfolio Pulse from Vandana Singh
Baxter International Inc (BAX) has issued an urgent correction for its Spectrum V8 and Spectrum IQ infusion pumps due to a software error causing false alarms. The correction involves reverting the software to an earlier version. The false alarms could interrupt or delay medical therapy, posing serious health risks. Baxter has received three reports of severe injury potentially linked to this issue. Meanwhile, Barclays and Keybanc analysts have lowered their price targets for BAX.
July 31, 2023 | 4:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Baxter's urgent software correction for its infusion pumps could interrupt medical therapy and pose health risks. This has led to lowered price targets by analysts.
The software error in Baxter's infusion pumps is a significant issue as it could interrupt or delay medical therapy, posing serious health risks. This has led to an urgent correction, which could impact the company's reputation and customer trust. Additionally, the lowered price targets by Barclays and Keybanc analysts indicate a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100