Owlet Shares Fall On FDA Warning Letter For Smart Sock (yahoo.com)
(Owlet, Inc. (OWLT) Stock Price, News, Quote & History - Yahoo Finance ) met with FDA to discuss creating a clinical version of their infant wearable sock and how to obtain FDA clearance. Well, FDA then reviewed their current device and determined "This is already a medical device operating without clearance."
Many investors were upset and this is a good lesson to start-ups and investor funding and caution.
(Owlet, Inc. (OWLT) Stock Price, News, Quote & History - Yahoo Finance ) met with FDA to discuss creating a clinical version of their infant wearable sock and how to obtain FDA clearance. Well, FDA then reviewed their current device and determined "This is already a medical device operating without clearance."
Many investors were upset and this is a good lesson to start-ups and investor funding and caution.
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