Shares in Mallinckrodt Hospital Products (NYSE: MNK) have fallen 19% since a federal appeals court ruled on Tuesday that industrial gas company Praxair did not infringe its patents for a nitric oxide (iNO) delivery system. Nitric oxide gas has long been used to treat infants experiencing hypoxic respiratory failure and Mallinckrodt is the exclusive U.S. supplier […]
Praxair
Praxair recall gets Class I status from FDA
Praxair’s Grab ‘n Go Vantage Portable Oxygen Cylinder, a device designed to convert a high variable medical gas pressure to a lower and constant working pressure, has received Class I status from FDA.
Last November, the company recalled the Grab ‘n Go Vantage Portable Oxygen Cylinder over concerns that the cylinder unit of device may break and release the oxygen, causing serious adverse health consequences or death, the watchdog agency noted.