Getinge AB (OTCPK:GNGBY)
$ 17.56 0.01 (0.06%) Market Cap: 4.78 Bil Enterprise Value: 5.60 Bil PE Ratio: 29.32 PB Ratio: 1.68 GF Score: 83/100

Getinge AB Responds to FDA and Accepts Datascope Inclusion in Existing Consent Decree Call (Media) Transcript

Nov 21, 2022 / 04:00PM GMT
Release Date Price: $21.46 (-3.29%)
Operator

Welcome to Getinge Press Conference 2022. (Operator Instructions)

I will now hand over the word to CEO, Mattias Perjos. Please begin your meeting.

Mattias Perjos;publ;CEO
Getinge AB;President & Director

()- -

Great. Thank you very much. And thanks, everyone, for tuning in with short notice. We can -- I will do a bit of a background information up here in just a few minutes, and then we can move very quickly to Q&A.

So if we move directly to Page #2, please. So the background here for the news today and this call is that Datascope, which is a subsidiary of Getinge and the manufacturer of life-supporting medical devices, such as our intra-aortic balloon pump, which are sold globally, we received a warning letter in 2019 from FDA related to findings in the organization's procedures and processes.

And then there was a follow-up inspection lasting from November 2021 to January 2022, and the findings from that inspection from FDA was that our operations are still not fully in compliance

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot