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Getinge Slides Most in Four Years on Provision for Mesh Lawsuits

  • Company sets aside $200 million to cover litigation costs
  • Patients claim they faced complications from surgical mesh

Getinge AB slumped the most in four years after the Swedish maker of medical equipment set aside an unexpectedly large sum, 1.8 billion kronor ($200 million), to cover costs related to lawsuits against surgical-mesh implants sold by a subsidiary in the U.S. and Canada.

The shares dropped as much as 16 percent to 77.54 kronor in Stockholm trading, the steepest decline since March 2014. The stock has plummeted 38 percent in the past 12 months, making it the worst performer on Sweden’s benchmark OMXS30 index.