NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of ICU Medical, Inc. (“ICU” or the “Company”) (NASDAQ: ICUI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether ICU and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On April 22, 2025, ICU disclosed receipt of a warning letter from the U.S. Food and Drug Administration (“FDA”), citing unauthorized changes to two of the Company’s infusion pump products. The FDA’s warning letter stated that the pumps were “adulterated” and “misbranded,” noting that the Company's modifications “can significantly impact the functionality of the device with respect to the infusion pumps delivery profile, [and] alarm functionality.” The FDA further stated that these changes may have significantly impacted the safety and efficacy of the devices, raising concerns about the adequacy of ICU’s regulatory disclosures.
On this news, ICU’s stock price fell $6.04 per share, or 4.42%, to close at $130.68 per share on April 22, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
