Medtronic Issues Class I Recall For Its Surgical Navigation Software Due To Glitch
Portfolio Pulse from Vandana Singh
Medtronic Plc (NYSE:MDT) has issued a Class I recall for its StealthStation S8 surgical navigation software versions 2.0 and 2.0.1 due to a glitch that can misplace surgical plan data, potentially leading to serious health consequences or death. No injuries or deaths have been reported. The recall affects 2,109 devices distributed in the U.S. from Jan. 7, 2022, to Oct. 2, 2023, and was initiated on Sept. 27, 2023. MDT shares dropped 0.46% to $81.69.
December 20, 2023 | 5:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Medtronic's Class I recall of its StealthStation S8 software could negatively impact investor sentiment due to potential health risks and the seriousness of the recall.
Class I recalls are the most serious type, indicating that the product could cause serious harm or death. Although no injuries or deaths have been reported, the recall of 2,109 devices and the potential for serious health consequences could lead to negative investor sentiment and a short-term decline in Medtronic's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100