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Stock Market & Financial Investment News

News Breaks
May 13, 2013
19:42 EDTIVCInvacare reports FDA acceptance of audit related to consent decree
Invacare announced that the United States Food and Drug Administration has found acceptable the company’s first certification audit relating to the qualification and validation documentation for equipment and processes at the Taylor Street manufacturing facility in Elyria, Ohio. This acceptance permits the company’s Taylor Street facility to resume manufacturing and distributing parts, components, accessories and subassemblies to Invacare facilities other than the Taylor Street or corporate facilities, for further manufacturing or to provide service related to medical devices manufactured at those other Invacare facilities. Of the two remaining certification audits, the second audit relating to the company’s design control systems is currently being reviewed by the FDA. Once it receives the FDA's approval on the second certification report, the company may resume design activities, which will enable it to refocus its engineering resources on new product development. The final, third-party certification audit is a comprehensive review of the company's compliance with the FDA's quality system regulation at the impacted Elyria facilities. That audit is underway.
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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