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KMB Kimberly Clark Corp

136.09
-0.41 (-0.30%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Kimberly Clark Corp NYSE:KMB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.41 -0.30% 136.09 136.66 134.785 136.25 1,907,298 01:00:00

Halyard Health Denies '60 Minutes' Allegations

02/05/2016 2:30pm

Dow Jones News


Kimberly Clark (NYSE:KMB)
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Halyard Health Inc. on Monday denied allegations in a "60 Minutes" report that the medical products and devices maker deliberately sold defective protective equipment to health-care workers following the recent Ebola outbreak.

The company's stock slipped 0.9% to $27.90 in premarket trading. On Friday, shares fell 11% to $28.16 after a preview of the "60 Minutes" report was published online.

Halyard Health, which was spun off from Kimberly-Clark Corp. in 2014, reiterated Monday that its Microcool gowns have received fewer than one complaint for every million gowns sold and that it hasn't heard of a health-care professional being infected as a result of a flaw in its product.

Halyard Health added that the "60 Minutes" report, which aired Sunday on CBS , was based in part on a test conducted by a competitor in 2012, which the company called an "outlier." The results showed that 77% of its Microcool gowns had failed testing.

A CBS representative was unavailable for immediate comment. The gowns account for about 3% of Halyard Health's global sales, the company said Monday.

Since 2014, West Africa has experienced what the U.S. Center for Disease Control calls the largest-ever outbreak of Ebola.

Write to Joshua Jamerson at joshua.jamerson@wsj.com

 

(END) Dow Jones Newswires

May 02, 2016 09:15 ET (13:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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