St. Jude Medical Rebuts Security Allegations

(RTTNews) - Medical device company St. Jude Medical Inc. (STJ), on Friday said the report from Muddy Waters questioning the safety and security of its cardiac devices were "false and misleading."

"We have examined the allegations made by Capital and MedSec on August 25, 2016 regarding the safety and security of our pacemakers and defibrillators, and while we would have preferred the opportunity to review a detailed account of the information, based on available information, we conclude that the report is false and misleading," the company said in a statement.

The company reassured that its devices were secure and safe, based on confirmation from independent third parties and regulatory submissions.

Yesterday, Muddy Waters Capital revealed its short position in St. Jude. The firm claimed that St. Jude Medical's cardiac devices are vulnerable to cyber attacks.

In April, Abbott (ABT) agreed to buy St. Jude Medical for a total transaction equity value of $25 billion.