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Stock Market & Financial Investment News

News Breaks
June 23, 2014
09:40 EDTSNNSmith & Nephew temporarily ceases commercial distribution of RENASYS in the U.S.
Smith & Nephew announces that it has temporarily ceased commercial distribution of the RENASYS Negative Pressure Wound Therapy product line in the United States. This action follows instruction from the FDA to obtain new regulatory clearances through the premarket notification process in respect of certain design enhancements made to RENASYS systems. The applications for clearance have now been filed and are awaiting action.This action only affects RENASYS products in the United States. Other NPWT products, including PICO, Smith & Nephew's portable, canister-free system, are not affected. Smith & Nephew is working cooperatively with the FDA to address its concerns in order to resume distribution of RENASYS products in the United States as soon as possible and regrets any disruption caused to customers. Sales of RENASYS products in the United States accounted for less than 5% of global Advanced Wound Management revenue in 2013.
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September 2, 2014
10:02 EDTSNNOn The Fly: Analyst Downgrade Summary
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05:22 EDTSNNSmith & Nephew downgraded to Hold from Buy at Jefferies

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