A Medical Device Daily

The Colorado Springs Police Department and U.S. Immigration and Customs Enforcement (ICE) agents raided Spectranetics (Colorado Springs, Colorado), a maker of excimer lasers for the treatment of complex cardiovascular conditions, on Thursday morning, reportedly as part of a customs investigation.

Agents with ICE told Colorado Springs police that they were investigating whether parts from an international source had been improperly received. ICE had requested a "uniformed presence" about 8:30 a.m. while executing search warrants at the company.

All employees were asked to leave the building and were not allowed to take any electronics with them, including laptops, Blackberries or any other electronic equipment.

The company's stock stopped trading a little after 1 p.m., EDT, but not before it had shed nearly 48% of its value, or about $4.28 a share.

An unrelated piece of bad news began the company's tough day when investment firm Goldman Sachs (New York) recommended that investors sell their shares in the company, citing increased competition for laser arthrectomy and lead removal.