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Why is Halyard Health (HYH) Stock Down Today?

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On Monday, shares of medical technology company Halyard Health, Inc. HYH are down over 4% after the company denied allegations made in a 60 Minutes news segment that claims they knowingly sold defective Microcool surgical gowns to healthcare workers after the recent Ebola outbreak.

Halyard added that the report was based on a competitor-conducted test back in 2012, which showed that 77% of its Microcool gowns has failed testing.

"The story included no new information, but left the false impression that the gowns pose a safety risk and have been the subject of frequent complaints by healthcare providers of strikethrough," Halyard said.

"As the evidence confirms - and counter to the claims made by the plaintiff's attorney and 60 Minutes - Microcool gowns have an exceptional record of safety and efficacy," the company continued.

Halyard sits at a #3 (Hold) on the Zacks Rank.

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HALYARD HEALTH (HYH): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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