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St. Jude Medical Inc. Message Board

  • hm_wynnwoodadv hm_wynnwoodadv Apr 2, 2013 5:05 PM Flag

    Durata article in HeartRhythm

    Is this new or old news??? I keep reading negative news stories and negative analyst reports, but the stock hangs in there quite nicely. Are these durata issues already priced in the stock? I would think the stock should be a lot lower, but the stock is still up 13% YTD. I am short hoping for the stock to drop.

    Sentiment: Strong Sell

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    • Durata Leads (June 25, 2013)

      Less than two weeks ago, an anonymous physician report to the FDA indicating that the product failed in a single patient sent the company's stock into a tailspin. Like a CSI investigator, the company tracked down the lead in question and determined it was damaged due to external abrasion--by scraping against something within the body. To St. Jude's likely relief, that's very different than the "inside-out abrasion" that damaged Riata leads and drove the company to pull the leads from the market in 2010, and the FDA to issue a Class I recall last December.

    • This ia an old story with new new incidents to cause any worry.

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