US stocks fell on Tuesday, and the Dow fell more than 250 points in intraday trading. The oil price fell from a high level, the dollar strengthened, and the Democratic Party’s lead in the polls (which advocated lowering the price of medicines) led to the pressure on medical health stocks and raw materials stocks.
Medical health stocks led the decline. In the case of individual stocks, cardiac implant devices produced by heart equipment manufacturer St. Jude are at risk of premature battery exhaustion and the company will recall them. This problem has caused two European patients to die. Illumina lowered its three-quarter revenue forecast, and its sales of high-throughput sequencing instruments fell more than expected, with stocks plummeting nearly 25%. St. Jude (STJ) fell 3.5%, Abbott (ABT) fell 5.3%, Johnson & Johnson (JNJ) fell 1.8%, Merck (MRK) fell 3%, and Lilly (LLY) fell 1.5%.
Heart device manufacturer St. Jude said the company will recall because of the risk of premature battery exhaustion in the company's heart implant devices. This problem has caused two European patients to die.
In a letter to the doctor, the company said it was affected by the risk of premature battery depletion, and the company would recall approximately 400,000 buried cardioverter defibrillators (ICDs) worldwide - the device was used in the heart When the abnormal jump is accelerated, the electric shock returns to the normal beating frequency. (The CFDA has not seen the relevant recall of St. Jude)
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The company claims that there are already about 800 products that have been recalled. The product was launched in 2010 and was expected to last for at least seven years. Premature battery drain will not allow the device to generate enough power when it should be functional.
The company said the recall would not have too many negative effects on the company's financial situation, but many patients are expected to have to find a doctor to replace the equipment.
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