On May 8, 2020, ICU announced that the Company was “voluntarily recalling one single lot of Lactated Ringer’s Injection, USP,” advising that “[t]he products are being recalled to the hospital/user level due to the presence of particulate matter identified as iron oxide” and cautioning that “[a]dministration of a drug product that contains metal particulate matter could result in adverse events ranging from inflammation at the site of injection to more serious events that could include the formation of a blood clot obstructing the flow of blood which could lead to end-organ damage or death.”
On this news, ICU’s stock price fell $19.26 per share, or 8.86%, to close at $198.10 per share on May 8, 2020.
The Portnoy Law Firm has commenced an investigation into these claims of securities fraud and currently preparing a complaint on behalf of investors.
ICU Medical, Inc.
Investors that purchased the Company’s securities and have suffered a loss please fill in transaction information below or email to email@example.com.
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