Teleflex Recalls Tracheal Tube - Analyst Blog
February 13 2014 - 2:50PM
Zacks
Teleflex Medical
Incorporated (TFX) has declared a worldwide voluntary
recall of its ISIS HVT Tracheal Tube Cuffed with subglottic
secretion suction port (with and without Preloaded Stylet).
Teleflex communicated the product recall to its U.S. customers by
means of a letter on Jan 6, 2014, clearly stating that customers
should discontinue use of the said device and return all unused
ISIS products to Teleflex with immediate effect. The product codes
have also been clearly indicated for the convenience of the
customers.
Teleflex ISIS HVT is a comprehensive, convertible endotracheal tube
designed to provide airway access. Attached with a suction port and
a separate line for subglottic secretion suctioning, the Teleflex
ISIS HVT is designed for patients who need both short - and
long-term ventilation. Patients are not required to change tubes
with the Teleflex ISIS HVT.
However, Teleflex made a voluntary recall of the ISIS HVT following
complaints that it can kink during patient use. This makes it
dangerous to use, as any such occurrence can deprive the patient of
adequate ventilation, in turn, leading to hypoxic injury or
anoxia.
The U.S. Food and Drug Administration (FDA) has classified this
action as a Class I recall which is defined as a situation where
there is a considerable chance of adverse health consequence or
even death resulting from the use of a violative product.
Any product recall may have an impact on the company's bottom line
and dampen its reputation in the market. Teleflex must handle this
recall deftly to ensure that its competitors in the MedTech
industry do not take advantage of the situation.
As a result, Teleflex should take appropriate steps to help retain
customer satisfaction and trust in the company’s products. Superior
customer satisfaction can eventually support the growth prospects
of Teleflex in the market, going forward.
Currently, Teleflex carries a Zacks Rank #2 (Buy).
Investors interested in the medical instruments industry can look
at other stocks like Natus Medical Inc. (BABY),
Cyberonics Inc. (CYBX) and DexCom,
Inc. (DXCM). While BABY carries a Zacks Rank #1 (Strong
Buy), CYBX and DXCM hold the same Zacks Rank as Teleflex.
NATUS MEDICAL (BABY): Free Stock Analysis Report
CYBERONICS INC (CYBX): Free Stock Analysis Report
DEXCOM INC (DXCM): Free Stock Analysis Report
TELEFLEX INC (TFX): Free Stock Analysis Report
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