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Voluntary breathing machine recall causes ResMed shares to plummet.

Publication: San Diego Business Journal
Publication Date: 30-APR-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Voluntary breathing machine recall causes ResMed shares to plummet.(BIOTECH)

Article Excerpt
ResMed Inc. stock sank more than 10 percent April 23 as the company recalled 300,000 machines used to help patients with breathing disorders such as sleep apnea.

The voluntary recall is costing the Poway-based biotech $59.7 million, which will be accounted for as a "cost to sales," in financial...

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