As it stated in foxbusiness
St. Jude Denies Report Heart Devices Are Vulnerable to Cyber Attacks
St. Jude Denies Report Heart Devices Are Vulnerable to Cyber Attacks
St. Jude Medical Inc. on Friday denied allegations made by a research firm that its pacemakers and other heart devices were vulnerable to hacking and other cybersecurity threats.Continue Reading Below"St. Jude Medical stands behind the security and safety of our devices as confirmed by independent third parties and supported through our regulatory submissions," the company said Friday.The medical-device maker's comments follow a report by Muddy Waters Capital LLC, which is known for shorting stocks, or betting that a company's share price will fall.
coupled with bloomberg
St. Jude Denies Short Seller's Claims; Abbott Remains Committed
St. Jude Denies Short Seller's Claims; Abbott Remains Committed
St. Jude Medical Inc. said a report issued by short-seller Muddy Waters LLC that could have derailed its purchase by Abbott Laboratories was "false and misleading," while Abbott said it remained committed to the $25 billion deal.Jude Medical stands behind the security and safety of our devices as confirmed by independent third parties and supported through our regulatory submissions," the St. Paul, Minnesota-based company said Friday in a statement.For its part, Abbott said: "We continue to collaborate with St. Jude to advance the transaction."Muddy Waters, the research firm founded by Carson Block, took a short position in St. Jude after learning about flaws uncovered by a cybersecurity firm, which it says could allow hackers to tap into implanted devices.
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