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Stock Market & Financial Investment News

News Breaks
October 25, 2012
06:37 EDTIVCInvacare continuing ot negotiate terms of FDA's consent decree of injuction
The injunction is related to the company's corporate and wheelchair manufacturing facilities in Elyria, Ohio. Simultaneously, the company continues to make significant progress on its quality systems remediation. Throughout the remediation, the company has engaged subject matter experts to assess the compliance of its new quality processes during the development and implementation stages to ensure they are in line with the FDA's Quality System Regulation. At this point, the company is confident that it will initiate its third-party expert certification audit in December, and the company expects it to be completed in the first quarter of 2013. The expert certification audit will be followed by an FDA re-inspection.
News For IVC From The Last 14 Days
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December 22, 2014
07:31 EDTIVCInvacare names C. Martin Harris as interim chairman
Invacare Corporation announced that C. Martin Harris, M.D., has been appointed interim Chairman of the company’s Board of Directors. Dr. Harris joined Invacare as a director in 2003 and was appointed Invacare’s Lead Director effective May 17, 2012. Dr. Harris steps into the interim Chairman role upon the retirement of A. Malachi Mixon, III, who retired as Executive Chairman of the Board of Directors, effective December 21, 2014. Mixon will continue his responsibilities as a non-employee member of the Board until the 2015 annual meeting when the company will nominate him for one additional term after which he will reach the Board’s mandatory retirement age of 75.

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