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Medical gear maker Getinge plummets after FDA issues safety warning



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** Shares in Getinge GETIb.ST drop about 8% after U.S. FDA issued a warning on the safety of two of the Swedish medical equipment maker's heart devices

** FDA advised healthcare facilities to switch from Getinge's heart devices amid safety concerns

** Getting did not immediately reply to an emailed request for comment and could not be reached for comment by phone

** Kepler Cheuvreux, via Swedbank Aktiellt, says that while nothing new has emerged, the letter from FDA could negatively impact the important U.S. market

** The broker says that demand for Getinge's products ECMO and IABP may take a hit, however, flags that the impact could be mitigated by the lack of a sales ban and alternative supplies as well as the fact that work has been ongoing to address quality issues for some time

** "This still creates uncertainty, which negatively affects the risk-return profile," Kepler adds

** Getinge's stock is the worst performing stock on the pan-European STOXX 600 index .STOXX, and, if losses hold, will see its worst day since Feb. 1





Reporting by Elsa Ohlen

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