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Neogen faces investigation after FDA links its sterile product to horse deaths and recalls it.

Market News
08 Oct 2026
PRNewsWire
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Bearish
Neogen faces investigation after FDA links its sterile product to horse deaths and recalls it.

Neogen Corporation is under investigation for possible securities fraud following an FDA warning about its veterinary wound care product, Neogen Vet HYCOAT, which was linked to serious infections and at least 20 horse deaths. The FDA described this as the largest number of horse deaths tied to a quality defect in an FDA-regulated veterinary product. Neogen had voluntarily recalled the product in January 2026. The news caused Neogen's stock to drop 7.22% on September 29, 2026. The investigation is being led by Pomerantz LLP, a law firm specializing in securities class actions.

Neogen Corporation's recent investigation into securities fraud claims provides context for health sector activity. For readers following health-sector US stocks on Pluang, as of Oct 08, 2026 21:12 WIB, 17 of 128 priced stocks rose while 111 fell. Notable movers include BRKR at USD 56.96 with a -4.62% change, SMMT at USD 17.12 with a -4.60% change and a typical hold time of 16 days plus 98% buy order activity, and WGS at USD 65.46 with a -4.48% change, a 19-day hold time, and 53% buy order activity.

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