IVF Pioneer Monash Slumps 30% After News of Baby Born From Embryo Mix-Up

Monash IVF Group Ltd. plunged a record 36% on Friday after the reproductive health-care company said that an embryo belonging to one patient was mistakenly implanted into another, resulting in the birth of a child.

News of the incident, which occurred at the company’s Brisbane clinic and was reported after the close of trading on Thursday, wiped A$150 million ($93 million) from Monash IVF’s market value. Morgans Financial Ltd. analyst Emily Porter cut her recommendation on the shares to hold from add.