Johnson & Johnson's Abiomed Unit Recalls Instructions For Some Impella Blood Pumps Due To Cutting Risks
Portfolio Pulse from Vandana Singh
Johnson & Johnson's Abiomed unit is recalling its Impella Left Sided Blood Pumps due to risks of the pump catheter cutting through the left ventricle wall, potentially causing serious health consequences including death. There have been 129 reported serious injuries and 49 deaths. The recall, which started on December 27, 2023, involves 66,390 devices in the U.S. distributed from October 10, 2021, to October 10, 2023. This recall is a correction, not a product removal, with new warnings issued to affected customers.

March 21, 2024 | 6:31 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Johnson & Johnson's Abiomed unit is recalling Impella Blood Pumps due to serious health risks, including 129 reported injuries and 49 deaths. The recall involves 66,390 devices and is a correction with new warnings issued.
The recall of a significant number of Impella Blood Pumps due to serious health risks, including death, is likely to have a negative impact on Johnson & Johnson's stock in the short term. The high number of reported injuries and deaths, along with the recall of a substantial number of devices, could lead to reputational damage, potential legal liabilities, and financial costs associated with the recall and correction process. Although the recall is described as a correction rather than a product removal, the severity of the issue and its potential implications for patient safety are likely to concern investors and could negatively affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100