FDA Says Baxter Recalls LIFE2000 Ventilator Due To Potential Failure Of Battery Charging Dongle; Identifies Baxter LIFE2000 Ventilator Recall As Most Serious Type
Portfolio Pulse from Benzinga Newsdesk
Baxter International Inc. (BAX) has recalled its LIFE2000 ventilator due to a potential failure of the battery charging dongle. The FDA has identified this recall as the most serious type.
July 15, 2024 | 5:16 pm
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Baxter International Inc. (BAX) has initiated a recall of its LIFE2000 ventilator due to a potential failure in the battery charging dongle. The FDA has classified this recall as the most serious type, which could have significant implications for the company's stock price.
The recall of a medical device, especially one as critical as a ventilator, can have a negative impact on the company's stock price. The FDA's classification of this recall as the most serious type further exacerbates the potential negative impact, as it indicates a higher risk to patient safety and potential legal and financial repercussions for Baxter.
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