Australia's Monash IVF reports second embryo incident in two months

(Reuters) -Australian fertility group Monash IVF on Tuesday reported a new incident related to an embryo transfer, within a couple of months after reporting a similar case where a doctor accidentally implanted the wrong embryo.

The latest incident, which occurred on June 5 at the company's Clayton laboratory, has been reported to regulatory bodies and the company's insurer, Monash said, issuing an apology to the impacted couple. The company is also conducting an internal investigation.

The firm added that it is implementing additional verification processes and patient confirmation safeguards to prevent similar incidents in the future.

The clinic owner in April reported a similar incident where an Australian woman gave birth to a stranger's baby due to a Monash fertility doctor's error.

Shares of Monash are down about 31% since the news.

The mix-up has drawn attention to an industry that was largely self-regulated until recently and raised concerns about security protocols at IVF clinics.

The facilities are regulated by a mix of Australian industry bodies and state government agencies.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Alan Barona)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Peace in Ukraine unlikely to be reached soon, Polish PM says
• Japan to clarify central bank independence in final economic blueprint, media says
• Analysis-BMW races to catch up in a Chinese EV market that won't slow down