Medtronic Recalls Some Versions Of Software Used For Cranial Surgery
Portfolio Pulse from Vandana Singh
Medtronic Plc (NYSE:MDT) has initiated a recall for some versions of its StealthStation S8 application due to a software error. The FDA classified the recall as Class I, the most serious kind. The error could lead to serious permanent injuries during cranial procedures. Medtronic plans to offer a software update to resolve the issue. MDT shares are down 1.41%.
June 05, 2024 | 7:23 pm
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Medtronic has initiated a recall for some versions of its StealthStation S8 application due to a software error that could lead to serious injuries during cranial procedures. The FDA classified the recall as Class I, the most serious kind. Medtronic plans to offer a software update to resolve the issue. MDT shares are down 1.41%.
The recall of the StealthStation S8 application due to a serious software error is likely to negatively impact Medtronic's stock in the short term. The FDA's classification of the recall as Class I, the most serious kind, underscores the severity of the issue. Although Medtronic plans to offer a software update to resolve the error, the immediate negative sentiment and potential impact on the company's reputation and sales are likely to drive the stock price down.
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