ICU Medical Recalls ParaPAC Plus Ventilators Due To Loose Outlet Connector That Can Cause Injury Or Death
Portfolio Pulse from Vandana Singh
ICU Medical's subsidiary, Smiths Medical, has recalled paraPAC Plus ventilators due to a loose outlet connector that can cause serious health risks, including death. The recall follows reports of one injury and one death. ICU Medical's stock fell 1.56% following the news.
September 20, 2024 | 7:18 pm
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ICU Medical's subsidiary, Smiths Medical, has recalled paraPAC Plus ventilators due to a loose outlet connector that poses serious health risks. This recall has already resulted in one reported injury and one death, leading to a 1.56% drop in ICU Medical's stock price.
The recall of ventilators due to a potentially fatal defect is a significant issue for ICU Medical, as it directly impacts their product safety reputation and could lead to financial liabilities. The stock price drop of 1.56% reflects investor concern over these risks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100