Advanced Bionics has issued a recall on unimplanted cochlear devices because the moisture in the circuity might cause them to malfunction. This is the second recall for the company since July 2002. About 440 devices are being recalled.
US company, Cochlear, is enjoying an 18 percent stock increase in Australia as a result. In August, the company had reported a disappointing full year net profit of $36.7 million, down 37 percent from the previous year.
Sydney Morning Herald
ABC News Australia
Bloomberg