St. Jude (STJ +4.3%) shares rebound after a webinar for doctors indicates that problems with...

|About: St. Jude Medical, Inc. (STJ)|By:, SA News Editor

St. Jude (STJ +4.3%) shares rebound after a webinar for doctors indicates that problems with wire “leads” for its Riata implantable defibrillator appear to be limited to older models, in less than 2,000 of 79,000 patients currently using it. Analysts' fears are eased; Leerink Swank does not expect Riata concerns will alter STJ's market share gaining trajectory.