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Stryker investors not fazed by spinal device recall

This article was originally published in Clinica

Executive Summary

Stryker has been slapped with a Class I recall from the US FDA for a component of its OASYS occipito-cervico-thoracic system, designed to aid spinal fusion. But the firm’s share price barely seemed to be affected, closing flat at $66.91 on 29 August, the day the FDA posted news of the recall on its website.

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