Search Results
Your search for

stryker

yielded 66 results

Metal-on-metal hip implant settlement cuts Into Stryker Earnings

Profits for Stryker, a medical device manufacturing giant, have taken a 2.3 percent cut year-over-year when projections had predicted they’d be up by 14.1 percent. This is likely due to the number of lawsuits regarding the company’s Rejuvenate or ABG II modular metal-on-metal neck hip stems. Information about the earnings came about a month after Stryker announced that Howmedica Osteonics, its subsidiary, had reached a settlement with patients who required revision surgery to correct problems with their new Rejuvenate or ABG II metal-on-metal hips. The metal-on-metal hip implant designs, made by a number of medical device manufacturers such as Wright Medical, DePuy Orthopaedics and its parent company Johnson & Johnson; Smith & Nephew, and Zimmer Biomet ... Read More

Stryker Reaches Settlement Over Metal-on-Metal Hip device Failure

Stryker, a medical device manufacturing company and its subsidiary, Howmedica Osteonics, have reached a settlement for patients who were required to have revision surgery to correct problems with their Rejuvenate or ABG II modular metal-on-metal neck hip stems. The defective hip design, which was recalled in July of 2012, earned the company about 4,000 lawsuits that were settled in an agreement reached by Court-appointed committees and attorneys. The settlement included any and all patients who received revision surgery prior to Dec. 19, 2016. The defective design had potential for corrosion that led to tissue damage and blood poisoning if the metal ions were absorbed into the bloodstream. The symptoms included ... Read More

Stryker subsidiary ordered to pay millions in penalties involving illegal marketing practices

It’s been a difficult year for medical device maker Stryker. The company agreed last month to pay $1.43 billion to settle thousands of lawsuits claiming its metal-on-metal hip replacement was defective, causing injuries and poisoning patients who had them. This week, following a federal criminal investigation, Stryker subsidiary OtisMed Corp. and its former CEO pleaded guilty to selling unapproved surgical products and agreed to paying penalties that, along with a settlement of a related action, add up to more than $80 million. The latest development involves OtisMed’s OtisKnee guides used in knee replacement procedures to help surgeons make more accurate ... Read More

Stryker settlement estimated at $1.43 billion for victims of metal-on-metal hip implants

Medical device maker Stryker had agreed to pay $1.43 billion to settle thousands of lawsuits claiming the company’s metal-on-metal hip implant was defective and caused injuries and poisoned the blood of patients who had them. The agreement was brokered by a New Jersey Superior Court and settles both state and federal lawsuits waged against the company. Stryker said the settlement amount was the “low end of the range of probable loss to resolve these matters.” The settlement covers lawsuits against two Stryker artificial hips, which the company recalled in 2012 after discovering the all-metal devices were corroding inside patients’ bodies, ... Read More

Stryker to pay up to $1.1 billion to resolve metal hip lawsuits

Medical device maker Stryker Corp. says it expects to pay up to $1.1 billion to settle personal injury lawsuits stemming from a 2012 recall of two of the company’s metal hip implants. The amount is more than twice what the company previously estimated it would have to pay to resolve the lawsuits. In July 2012, Stryker recalled its Rejuvenate and ABG II modular-neck stems because of concerns that the devices could fret or corrode inside the body, which could damage surrounding tissue and cause pain and inflammation. Last July the company in a securities filing said it estimated the costs ... Read More

Whistleblower asks court to reopen his Stryker pain pump lawsuit, citing changes in health care law

A whistleblower who sued medical device manufacturer Stryker Corp. and two other companies under the False Claims Act is seeking to have his lawsuit reopened after it had been tossed out by a federal judge in June. The plaintiff argues that the Affordable Care Act changes the terms on which his lawsuit was dismissed. Lonnie Paulos, an orthopedic surgeon and former Stryker consultant, alleged in his 2011 whistleblower lawsuit that Stryker, I-Flow Corp., and Orthofix International marketed their pain pumps for off-label purposes unapproved by the U.S. Food and Drug Administration (FDA) and then billed Medicare and other government-funded health ... Read More

Stryker warns of defect with implantable plate used to stabilize spine, issues urgent recall

Stryker Spine is warning doctors and patients of a defect with the OASYS Midline Occiput Plate, which is used in spinal surgery to stabilize the skull and spine at the junction between the occipital bone and the vertebrae in the cervical and thoracic spine. It has been identified that, after surgery, the pin that connects the tulip head to the plate can break, which can lead to destabilization of the plate. This could cause serious health consequences including blood loss, nerve injury and revision surgery to repair the problem. Stryker has sent an Urgent Medical Device Recall notice to medical facilities ... Read More

Small-Head Metal-on-Metal Hip Implants Fail Frequently

Large-diameter metal-on-metal hips were thought to be an independent risk factor in hip failure, besides the material from which the prosthetic was made. But according to a recent study, adverse reactions to metal debris from small-headed metal-on-metal Articular Surface Replacement (ASR) hips are even more common than originally thought. In the study, 482 hips (424 patients) were reviewed. After the ASR small-diameter hip was recalled at an average of 4.9 years post-op, 379 patients (435 hips) agreed to a screening that measured cobalt and chromium in the blood. Metal-on-metal hip implants are created with a ball-and-cup design made up of a cobalt-chromium ... Read More

Metal-on-metal Hip Recipients Experience Adverse Soft-Tissue Reaction to Metal Debris, Study shows

In a study at Coxa Hospital for Joint Replacement in Finland, researchers assessed 176 patients who received metal-on-metal hip implants (203 hips) and found that 84 of those hips required revision surgery. In 87 percent of these revisions, adverse soft-tissue reaction to metal debris (ARMD) was diagnosed. Additionally, a larger femoral diameter and stem type had a higher risk of ARMD, metallosis, and device failure. Metal-on-metal hip designs, made by a number of medical device manufacturers such as Wright Medical, DePuy Orthopaedics and its parent company Johnson & Johnson, Stryker, Smith & Nephew and Zimmer Biomet Holdings, are made up of a cobalt-chromium alloy, which has been ... Read More

Wright Medical and MicroPort Orthopedics Accused of Hiding Defect in Hip Implant

Two cases filed against Wright Medical Technology Inc. and MiroPort Orthopaedics Inc. have been consolidated by a California federal judge. The lawsuit accuses the companies of hiding a crucial defect in their metal cup-and-ball hip implants. The two plaintiffs allege the Profemur Total Hip System broke “suddenly and catastrophically,” leading to emergency surgery that requires damaging the femur. In one case the Profemur implant lasted only 37 months, the other a mere 20 months. The lawsuit comes in the midst of Wright Medical’s multidistrict litigation (MDL) battle against claims that its Conserve Hip Implant, a metal-on-metal hip implant system, has been releasing metal ions into ... Read More