UPDATE 1-Masimo says to recall sensors used in hemoglobin tester

* Says to recall its Pronto-7 rainbow sensors

* Recall to cost $500,000-$700,000

* Shares down 1 pct

Dec 22 (BestGrowthStock) – Masimo Corp (MASI.O: ), a maker of
non-invasive patient monitoring products, said it was
initiating a voluntary recall of its Pronto-7 rainbow sensors,
used in a handheld device to measure hemoglobin, as they may
provide an incorrect temperature measurement.

The total costs resulting from the recall is estimated at
$500,000-$700,000, the company said in a filing with the U.S
Securities and Exchange Commission.

Masimo said the sensors may incorrectly measure actual
finger temperatures during a hemoglobin test because of
seasonal colder temperatures.

The company said it is trying to make replacements
available in the first quarter of 2011.

“No other Masimo products, including the actual Pronto-7
handheld device, are affected by this voluntary recall,” the
company said in the filing.

Last month, Masimo told U.S. regulators that it received
allegations about the safety and efficacy of its hemoglobin
testing products from some former sales representatives.

Masimo shares were down 1 percent at $29.94 in morning
trade on Nasdaq after touching a low of $29.69 earlier in the
(Reporting by Shailesh Kuber in Bangalore; Editing by Joyjeet

UPDATE 1-Masimo says to recall sensors used in hemoglobin tester