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Alere recalls 800,000 heart tests, stock drops

Wed, 05/23/2012 - 3:32pm
Mass High Tech: The Journal of New England Technology

Alere Inc. (NYSE: ALR) has recalled 803,000 heart tests following a U.S.Food and Drug Administration inspection of its San Diego plant raised concerns over quality control processes. The company’s stock was down more than 3 percent in morning trading Wednesday, after the announcement.

The tests in question brought in revenue of $69 million in the first quarter.

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