FDA Says Baxter Issues Urgent Medical Device Recall For Volar System Single-Patient Use Circuit; Baxter's Recall Is Due To Reports Of The Handset Plug Disconnecting From The Nebulizer Port On The Blue Ventilator Adapter
Portfolio Pulse from Benzinga Newsdesk
Baxter has issued an urgent medical device recall for its Volar System Single-Patient Use Circuit due to reports of the handset plug disconnecting from the nebulizer port on the blue ventilator adapter, according to the FDA.
July 16, 2024 | 2:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Baxter has issued an urgent recall for its Volar System Single-Patient Use Circuit due to a critical issue with the handset plug disconnecting from the nebulizer port. This recall could impact Baxter's stock price negatively in the short term due to potential regulatory scrutiny and loss of consumer confidence.
The recall of a medical device due to a critical issue can lead to regulatory scrutiny and loss of consumer confidence, which typically results in a negative short-term impact on the stock price. Given the urgency and the nature of the recall, it is likely to affect Baxter's stock negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100