Globus Medical, Inc.
Company Name | Globus Medical, Inc. |
Stock Symbol | GMED |
On August 13, 2024, the FDA published a warning letter to Globus Medical regarding an inspection of the Company’s Class II Excelsius GPS (EGPS) surgical robot, stating that the inspection revealed that “these devices are adulterated” and are not in conformity quality system regulation requirements.
On this news, Globus Medical’s stock price fell $5.73, or 7.8%, to close at $67.32 per share on August 13, 2024, thereby injuring investors.
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