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St. Jude says report by short sellers ‘false and misleading’

August 27, 2016 by · Leave a Comment 

The report, which caused St. Jude shares to fall 5 percent after its release on Thursday, alleged there were significant security bugs in the company's Merlin@home device for monitoring implanted heart devices. St. Jude chief technology officer Phil Ebeling on Thursday said “the allegations are absolutely untrue” but provided no specific examples of errors. St. Jude on Friday said most of the observations in the report applied to older versions of its Merlin@home devices, which had not been patched with security upgrades that the company automatically pushes out to customers…

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St. Jude says report by short sellers ‘false and misleading’