Guidant says finds more older pacemakers at risk

boston.com ^ | January 23, 2006

[Angus MacGregor]

Guidant says finds more older pacemakers at risk

January 23, 2006 CHICAGO (Reuters) -

Guidant Corp. , the object of a bidding war between Johnson & Johnson and Boston Scientific Corp. , on Monday said it has identified another batch of older-model pacemakers that are at risk of malfunction.

Guidant said the U.S. Food and Drug Administration has told the company it may consider the information an expansion of the original Class I recall on the pacemaker models. The device maker recommended physicians reassess their patients due to the discovery of additional devices with the potential defect.

[Angus MacGregor]

Shares of Guidant were up 24 cents at $76.19 in morning trading on the New York Stock Exchange.

This news might change things.

I wonder if J&J is still interested?

[Tanniker Smith]

J&J is definitely interested. They tried to shake down the price and then another bidder came calling. J&J is back up to what they were offering before.

All I know is that if I keep reading these Guidant articles, my defibrilator is going to go off!

... or worse, it won't!

TS

[blackdiamondracer]

J&J and Boston Scientific will go higher...irrational exhuburance.

[spectre]

Does this mean that if my 96 year old FIL's pacemaker is one of these, and he dies of a heart attack, we can sue?

I had to ask.....

sw

[Angus MacGregor]

Yeah, I see lawyer commercials here in NH all the time about suing Guidant.

Hop on board the gravy train!!!

[Roverman2K]

what a shock, they want you to buy new ones

[spectre]

Nahh, I don't sue. He probably does have one of those pacemakers tho. But to live to be 96 with CHF, that pacemaker is doing a terrific job for him..

sw