Johnson and Johnson completes merger with troubled artificial hip maker

Posted: June 15, 2012 Author: Jennifer Walker-Journey Pharmaceutical

johnson and johnson no 150x150 Johnson and Johnson completes merger with troubled artificial hip maker Johnson & Johnson has completed its acquisition of , Inc. and will integrate Synthes with its subsidiary to establish the DePuy Synthes Companies of Johnson & Johnson. The deal was sealed with $19.7 billion in cash and stock.

“The completion of the Synthes acquisition creates the world’s most innovative and comprehensive business and reflects our long-standing strategy of leadership within attractive health care markets,” said Alex Gorsky, Chief Executive Officer, Johnson & Johnson. “The combination of these two respected leaders — Synthes and DePuy — will enable us to better serve clinicians and patients worldwide, bring new innovations to the marketplace in orthopaedics and , and strengthen our ability to compete in developing markets.”

Despite the praise, DePuy enters into the merger with a scarred past. The company initiated one of the largest medical device recalls in history when it withdrew its ASR XL Acetabulator hip replacement and hip resurfacing systems due to premature failures. The devices were made of metal-on-metal construction designed to be more durable than traditional plastic or ceramic implants. However, shortly after the hip implants hit the market, problems began to arise.

What was different about the failures with the DePuy devices was that they were often aggravated by caused by tiny bits of that flaked off and into the joint space when the metal parts of the device rubbed together. In some cases, and were found in patients’ blood samples. The only remedy is to remove and replace the faulty devices.

Hundreds of lawsuits have been filed against DePuy and Johnson & Johnson by patients who have received the defective artificial hips and have experienced pain and disability.

Source: PharmPro

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