Medtronic Recalls MiniMed Pump Due To Battery Life Concerns
Portfolio Pulse from Vandana Singh
Medtronic has initiated a recall of its MiniMed insulin pumps due to battery life concerns, which could lead to serious health risks. The FDA has classified this as a class I recall, the most serious type. Medtronic advises users to monitor battery alerts closely and carry extra batteries.
October 04, 2024 | 1:21 pm
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Medtronic has recalled its MiniMed insulin pumps due to battery life issues, which could lead to serious health risks. The FDA has classified this as a class I recall, the most serious type. This could impact Medtronic's stock negatively in the short term.
The recall of Medtronic's MiniMed insulin pumps due to battery life issues is a significant event, as it poses serious health risks and has been classified as a class I recall by the FDA. This is likely to negatively impact Medtronic's stock in the short term due to potential reputational damage and financial implications from addressing the recall.
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