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TheStreet: St. Jude Battery Woes Big But Not a Dealbreaker says Jim Cramer

May 24, 2023
in Trade Tube
Reading Time: 1 min read
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St. Jude’s warning about battery risks in its implanted heart devices are big but will likely not disrupt its deal with Abbott Labs , said TheStreet’s Jim Cramer. Shares of St. Jude Medical are down Tuesday after the medical device maker warned patients that batteries in its implanted heart devices could deplete prematurely. “There have been two deaths that have been associated with the loss of defibrillation therapy as a result of premature battery depletion,” St. Jude VP of Quality Control Jeff Fecho said in the letter to physicians.

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