Baxter International Inc. /quotes/zigman/219387/quotes/nls/bax BAX -5.61% fell 5.1%. Last week, the drug and medical-device maker said it is recalling two lots of Dual Luer Lock Caps due to the presence of “loose particulate matter” in the packaging. The caps are used to protect access ports on medical devices when not in use, Baxter said.
That would seem like a huge overreaction for a relatively small recall. I found this: Medical device makers concerned over impending EU rules, Bloomberg says
Medical device makers are becoming more concerned as the European Union prepares to tighten the process to approve new products from them, says Bloomberg. Smaller U.S. companies count on the European Union's easier process to test products and accumulate patient data that paves the way for U.S. approval, added Bloomberg.