Allergan Suspends Textured Breast Implants in Europe on Safety Concerns
While we still think wide-moat Allergan looks considerably undervalued, we admit that the company can’t seem to escape negative headlines. Allergan announced it has suspended sales of its textured breast implants in CE mark countries within Europe following a recall request from French regulatory authority ANSM and nonrenewal of its certificate. Concerns have recently surfaced over rare cases of anaplastic large-cell lymphoma arising from these specific implants. We plan to reduce our forecast f...
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