Halyard Health Inc. on Monday denied allegations in a “60 Minutes” report that the medical products and devices maker deliberately sold defective protective equipment to health-care workers following the recent Ebola outbreak.
On Friday, shares
fell 11% to $28.16 after a preview of the “60 Minutes” report was published online.
Halyard Health, which was spun off from Kimberly-Clark Corp. in 2014, reiterated Monday that its Microcool gowns have received fewer than one complaint for every million gowns sold and that it hasn’t heard of a health-care professional being infected as a result of a flaw in its product.
Halyard Health added that the “60 Minutes” report, which aired Sunday on CBS, was based in part on a test conducted by a competitor in 2012, which the company called an “outlier.” The results showed that 77% of its Microcool gowns had failed testing.
The gowns account for about 3% of Halyard Health’s global sales, the company said Monday.
An expanded version of this report appears at WSJ.com.
View more information: https://www.marketwatch.com/story/halyard-denies-60-minutes-allegations-it-sold-defective-ebola-protection-2016-05-02-1010306