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Metal hip implant side effects long lasting and dangerous

May 29th, 2015

The European Commission (EC) released a fact sheet about metal-on-metal hip replacements such as the Stryker Rejuvenate and Stryker ABG II hip implants that calls the metal parts long lasting and their side effects potentially dangerous. The EC noted in particular the large “head” component of metal hip replacements as the most likely part to lead to serious complications. Metal… read more »

Stryker hip victims continue to file lawsuits

May 21st, 2015

A man who received a faulty hip replacement in 2012 has filed a Stryker hip implant lawsuit against the company. The hip replacement the man received was recalled later in 2012, but he was not informed until 2014, when he went to the emergency room to deal with pain and complications related to the implant. Stryker issued a hip replacement… read more »

Stryker second largest medical device company despite hip implant troubles

May 4th, 2015

Stryker Corporation is the second-largest medical device company on the market according to recent reports, despite serious troubles with two major metal hip implant devices. Stryker recently reached a faulty hip replacement settlement totaling more than $1.4 billion. Stryker’s Rejuvenate and ABG II metal-on-metal hip replacements were recalled in 2012 after studies showed the devices were much more likely to… read more »

Metal-on-metal hip replacement victims tell court they were “guinea pigs”

April 24th, 2015

On the first day of a class action hip implant lawsuit, patients in Australia who received metal-on-metal hip replacements and suffered severe complications told a federal court that they were “guinea pigs” in an experiment gone wrong. The class action hip replacement lawsuit represents 1,891 Australian patients who received a DePuy ASR hip implant and suffered severe side effects. Patients… read more »

Stryker owner surpasses Oprah on list of world billionaires

April 17th, 2015

Ronda Stryker, who owns more than 7% of medical device manufacturer Stryker Corporation, has surpassed Oprah Winfrey on the list of global billionaires, with an estimated worth of $3.4 billion. Stryker’s father founded the company in 1941, and her younger brother also makes the list of world billionaires. Stryker recently sold hundreds of thousands of shares of the company, which… read more »

Stryker settlement not slowing down new hip implant lawsuits

April 10th, 2015

More than 2,300 Stryker Rejuvenate lawsuits are pending in a multi-district litigation against the company as of March 2015. The hip replacement lawsuits were filed against the company after patients experienced severe side effects from the metal-on-metal implants. Stryker agreed to settle thousands of hip device lawsuits against the company for more than $1.4 billion, but the settlement does not… read more »

OtisMed worked with Stryker in developing unapproved knee device

March 27th, 2015

OtisMed reportedly worked closely with Stryker Corporation while developing its OtisKnee surgical guide, a device which was unapproved but still used in surgery. The company reportedly sold $27 million worth of the OtisKnee, a surgery cutting guide, before the U.S Food and Drug Administration rejected the device for safety concerns. According to the New York Times, Stryker Corporation made… read more »

Stryker shares plunge nearly 5% in one week

March 20th, 2015

Shares for Stryker Orthopedic dropped 4.94% in one week as the company continues to settle thousands of metal-on-metal hip replacement lawsuits. The drop also came after Stryker director Ronda E. Stryker sold more than $36 million in shares. Stryker has already set aside more than $1.4 billion to settle thousands of hip implant lawsuits alleging that the company’s hip replacement… read more »

Stryker buying back $2B worth of stock

March 13th, 2015

Medical device manufacturer Stryker Corporation has approved buying back $2 billion worth of its own stock in a move that may indicate the company’s struggles with a slow orthopedic market and recent lawsuit settlements. In late 2014 Stryker agreed to pay more than $1.4 billion to settle faulty hip replacement lawsuits alleging that its metal-on-metal hip replacements caused serious injuries.… read more »

Stryker to pay $80 million to settle DOJ complaint

March 13th, 2015

Stryker Corp. and Stryker’s OtisMed unit have agreed to pay nearly $80 million to settle a Stryker lawsuit levied by the U.S. Department of Justice (JOD). The JOD alleged that OtisMed marketed its knee implant cutting guide illegally, making claims that have not been investigated or approved by the U.S. Food and Drug Administration. OtisMed CEO Charlie Chi also admitted… read more »

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