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Integra warns impact of plant closure will continue into 2024, with delays possible

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    I'm not sure if it has been discussed here before, but here is the update on the integra recall:

    https://www.medtechdive.com/news/integra-lifesciences-plant-closure-continue-2024/689384/

    • Integra LifeSciences is aiming to restart manufacturing at its Boston tissue product plant in the fourth quarter and resume commercial sales in the second quarter of next year, CEO Jan De Witte said in a Thursday earnings call.
    • The forecast, which follows the recall of all devices made at the plant over the past five years, confirms that the problem will continue to drag on Integra’s results into next year. Further delays are possible.
    • Integra expects the quality situation to wipe $60 million from its revenues this year, and predicts that it will take another $50 million sales hit next year.
 
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