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Cybersecurity Allegations, Safety Alert Will Not Impact St. Jude Acquisition, Abbott Affirms

 
• By David Filmore

Abbott Labs' CEO Miles White expressed strong confidence in St. Jude and an unimpeded acquisition of the firm in the wake of continued cybersecurity allegations and a device-safety advisory.

Abbott Laboratories Inc.'s pending $25bn acquisition of St. Jude Medical Inc. will not be deterred by allegations that St. Jude has been irresponsible about cybersecurity protections for its devices or a recent safety advisory warning of the potential for premature battery depletion of its cardiac implants, Abbott's CEO Miles White affirmed.

"I don't see this impacting the close of the deal, or the business long term," White said during his firm's Oct. 19 third-quarter earnings call. "Based on everything I see,...

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Commission’s Flora Giorgio Says Simplification And Safety Are Key In Evolving EU Regs

 
• By Amanda Maxwell

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