Category: Medical Devices

Posts related to Medical Devices

Houston, TX January 11, 2013 –

Stryker’s hip implant recalls are expected to cost the corporation between $190 million and $390 million to cover the cost of patient testing, treatment, and new surgeries as well as to pay for the lawsuits and insurance payments. Due to the increase in the expected costs for the recall, Stryker has raised its related financial reserves, charging 35 cents per share in the fourth quarter.

Stryker Hip Replacement Recalls

Stryker Corp, a major manufacturer of orthopedic devices as well as surgical accessories and hospital beds, voluntarily recalled its Rejuvenate Modular and ABG II modular-hip stems in July of 2012. Along with the risk of corrosion associated with these devices, there was also a risk for fretting, which causes the shedding of metal fragments into nearby tissue, blood, and bone, also known as metallosis. Both the Rejuvenate and ABG II utilize cobalt, chromium and titanium alloy pieces instead of the [...]

Houston, TX January 10, 2013 –

D. Miller & Associates, PLLC urges anyone that has had GranuFlo or NaturaLyte dialysis treatment and suffered a heart attack or cardiac injury to call immediately for information on possible compensation from the GranuFlo and NaturaLyte manufacturer, Fresenius Medical Care. The number of lawsuits being filed against Fresenius continues to grow as more and more people become aware of the link between these dialysis products and cardiac injury.
Hemodialysis is the most common method used to treat advanced kidney failure. Hemodialysis works by using a filter that allows your blood to flow through a few ounces at a time, to remove harmful wastes as well as extra salt and fluids. This helps to control blood pressure and keep the proper balance of chemicals in your body. Most patients receive hemodialysis treatment at a dialysis facility three times a week on a fixed schedule; however, there is also the [...]

Two years after the fatal BP Deepwater Horizon explosion and resulting oil spill in the Gulf of Mexico, the financial effects are still being felt by the oil giant.

In spite of BP’s Chief Executive, Bob Dudley’s prediction last fall that the worst was over for BP and that they had “turned the corner”, BP just posted a disappointing financial second quarter. Their net loss was $1.4 billion. Last year, BP posted $5.72 billion in profits. After reviewing their second quarter loss, Bob Dudley said: “We recognize this was a weak earnings quarter, driven by a combination of factors affecting both the sector and BP specifically.”

Factors Affecting BP’s Profit Margin Including the 2010 Deepwater Horizon Explosion

While there are many factors affecting BP’s profit margin, such as writing down the value of U.S. shale gas assets and suspending an offshore oil field in Alaska, a hefty portion of BP’s profits were eaten away by [...]

D. Miller & Associates, a leading law firm dedicated to helping those affected by the pharmaceutical industry, will be representing individuals affected by the recall of 93,000 ASR metal hip implants in August 2010 due to early failure rates. The first trial dates have been set for May 6, 2013, and the second will follow on July, 8, 2013.

The implants included in these lawsuits are manufactured by DePuy Orthopaedics, a subsidiary of Johnson & Johnson.  The DePuy ASR XL Acetabular System, which is a socket that is used in total hip replacements and the ASR Hip Resurfacing System, which is a partial hip replacement system.

Bellwether Trial for DePuy ASR Lawsuits

On July 25, 2012, the Hon. Judge David A. Katz, the judge overseeing the thousands of DePuy ASR lawsuits, announced that the federal cases will be moving forward with a bellwether trial. The cases must be selected by August 8, 2012 and the [...]

Mesothelioma Applied Research Foundation Awards

The Mesothelioma Applied Research Foundation presented awards at their Gala Celebration of Hope Dinner Thursday, July 12 in Washington DC. The dinner was part of a two day conference for those involved in the cure for mesothelioma (meso). This includes patients of meso, doctors and researchers, caregivers and advocates for the meso community.

The Pioneer Award was presented to Dr. David Sugarbaker, Chief of Thoracic Surgery at the Brigham and Women’s Hospital in Boston, MA. Dr Sugarbaker was honored for his work as founder of the International Mesothelioma Program (IMP). The IMP located at Brigham and Women’s Hospital has developed treatment options that can extend the lives and give hope to patients diagnosed with mesothelioma, a deadly cancer caused by exposure to asbestos.

Other honorees include Bonnie Anderson, awarded the Bruce Vento Hope Builder Award and Janice Malkotsis and Erica Lacono, recipients of the Volunteer of the Year Award. Ms [...]

On Monday, March 26, a study was published which proves that the oil from the BP oil spill of April 2010 is linked to the injured and dying corals in the Gulf waters. The damaged coral reef about seven miles southwest of BP’s Macondo well was covered in a black, heavy mucous material.

Researchers from Penn State University, Temple University, Woods Hole Oceanographic Institution, and the U.S. Geological Survey published their findings after studying the Gulf waters coral communities in the Proceedings of the National Academy of Sciences.

The scientists discovered the once brightly colored coral in October 2010 and suspected that the BP oil spill might be the culprit. Oil is naturally found in the Gulf so it was necessary for the research team to pinpoint the source of the slow death of the 54 coral communities.

Oil is Found to be From the Deepwater Horizon Explosion

Oil is made up of complex mixtures [...]

Early in February, BP Oil seemed ready to start settling the many lawsuits filed against the second largest oil giant as a result of the 2010 Deepwater Rig explosion and the resulting oil spill in the Gulf. However, almost immediately after stating their readiness to settle, BP Oil announced that they were prepared to fight the civil lawsuits and the government litigation which were scheduled to begin February 27.

Confident BP Oil announced a rise in their fourth quarter earnings and increased its quarterly dividend from 7 cents to 8 cents a share.

BP Preparing ‘Vigorously’ As Start of Gulf Oil Spill Lawsuits Nears – http://www.insurancejournal.com/news/national/2012/02/07/234453.htm

US Officials are negotiating with BP because of claims that the BP Oil spill has left the company liable for as much as &17.6 billion in fines due to BP violations of the Clean Water Act. 4.1 million barrels were spilled in the offshore oil spill which makes this the biggest in US history.

BP was scheduled to begin trial before US District Judge Carl Barbier to face claims filed by business owners and residents from the Gulf Coast region.

BP said to seek settlement of spill claims

http://fuelfix.com/blog/2012/02/09/bp-said-to-seek-settlement-of-spill-claims-bp-said-to-seek-settlement-of-spill-claims/

 

Thousands of Gulf Coast residents and business owners are waiting for the start of the BP Oil trial scheduled to start February 27 in a New Orleans federal court. The trial will determine how and who will compensate those affected as a result of the BP Oil Spill in 2010.

Many coastal workers are still unemployed or without their livelihood due to the contamination from the BP Oil spill. From tourism to the fishing industry, almost all that worked on the Gulf Coast have been economically affected by the spill and have not yet recovered.

BP Spill Victims Still Feel Economic Impact as Trial Nears

http://www.businessweek.com/news/2012-02-24/bp-spill-victims-still-feel-economic-impact-as-trial-nears.html

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