Intuitive Surgical, Inc. (ISRG) Warns on Da Vinci Scissor Crack Risk
5/13/2013 9:00:57 AM
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Shares of Intuitive Surgical come under pressure after the robotic surgery company warns of the risk of invisible fractures on scissors used with its flagship da Vinci surgical robot. Intuitive Surgical (NSDQ:ISRG) warned hospitals of the risk of "micro-cracks" in some of the curved scissors used with its da Vinci surgical robot that could cause internal burns. Investors reacted to the CNBC report this morning by sending share prices down 2.5% to $493.25 in pre-market trading before opening at $493 even. ISRG shares were trading at $495.01 as of about 2.1 this morning, down 2.1% from yesterday's $505.80 close. The cable news channel reported this morning that Intuitive "issued an 'urgent medical device notification' alerting hospitals that it has 'identified a potential issue' with the scissors.
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