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Outset Medical, Inc.

Company NameOutset Medical, Inc.
Stock SymbolOM

On June 13, 2022, after the market closed, Outset announced that it had implemented “a shipment hold on the distribution of its Tablo Hemodialysis System for home use pending” a review and clearance of a 510(k) application by the U.S. Food and Drug Administration (“FDA”). The Company withdrew its prior guidance and expected second quarter 2022 revenue of at least $25 million due to the shipment hold.

On this news, Outset’s stock fell as much as 33% during intraday trading on June 14, 2022, thereby injuring investors. 

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