December 11th, 2007 amy
Per a recent Product Liability Law360 article ,Ontario Superior Court Judge Alexandra Hoy has certified class action status to Frank Peter et al v Medtronic Inc. et al, a suit which alleges Medtronic was negligent in warning consumers of a battery defect in its defibrillators.
Those defibrillators, containing the Chi 4420L battery, were recalled in the […]
December 10th, 2007 amy
Medtronic, along with Johnson & Johnson and Patterson, is one of “three health care stocks to avoid,” according to an investment-advice website. Medtronic Inc., the medical device manufacturer based in Fridley, Minnesota, has been plagued with recalls in recent years. In 2005, a battery depletion problem prompted the recall of 87,000 of corporation’s implantable cardioverter […]
December 10th, 2007 amy
Smith & Nephew, the largest medical device company in Europe, issued a recall late last month of certain knee implants because some were found to have higher-than-specified levels of lead content. S&N blamed the problem on a supplier’s production error but did not reveal the supplier’s name.
The recall affects the company’s TC-PLUS, VKS and RT-PLUS […]
December 7th, 2007 amy
Intra-articular pain pumps used in shoulder arthroplasty, surgery in which the arthritic or dysfunctional joint surface is replaced, can cause a permanent and painful condition called Postarthroscopic Glenohumeral Chondrolysis (PAGCL), where the shoulder cartilage deteriorates. This loss of cartilage, or PAGCL, is not an uncommon complication from shoulder arthroplasty. PAGCL can cause severe pain when […]
December 6th, 2007 amy
On Decmeber 4, Abbott Laboratories announced a layoff of employees due to the shrinking demand for drug coated stents. 700 California employees were cut Tuesday, and the company plans to begin layoffs in Ireland in January 2008. The drug coated stent market took a $1 billion annual drop after links were made between drug coated […]
December 5th, 2007 amy
In addition to the multiple lawsuits Medtronic faces from patients implanted with its recalled Sprint Fidelis leads, as well as a class action lawsuit filed on behalf of those who purchased company stock without being informed of the true financial state of the company preceding the recall, Medtronic also faces accusations of violating the U.S. […]
December 4th, 2007 amy
Medtronic recalled its Sprint Fidelis leads in October after five deaths were attributed to the defective defibrillator lead wires, and now over a hundred thousand Americans live in fear of the day the defibrillators meant to save their lives will kill them.
Heidi Turner’s recent article “Medtronic Sprint Fidelis Should Pay for Surgery” for lawyersandsettlements.com reports […]
December 3rd, 2007 amy
It’s generally illegal to market drugs for off-label use or promote medical devices for a therapeutic purpose not approved by the FDA, but congress has been allowing an exception to be made for medical journal articles since 1997. Now that the law in place has recently expired, the FDA plans to loosen its guidelines to […]
