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SRDX - Surmodics down 8% on risk to SurVeil DCB study
Surmodics Inc.
Thinly traded Surmodics (SRDX-8.4%) is down on average volume, albeit turnover of only 89K shares, in response to its disclosure of an updated FDA advisory on the potential for higher rates of long-term mortality connected to the use of paclitaxel-coated balloons and paclitaxel-eluting stents to treat peripheral artery disease (PAD) in the femoropopliteal artery.
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