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DePuy Settlement Funding News: Legal-Bay To Increase Funding Amounts Up to $250K On Some DePuy Hip Recall Cases

April 1, 2013 5:54 am | by PR Newswire | News | Comments

Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they have increased their funding amounts to $250K on a select few DePuy Hip cases waiting for their settlement check. Legal-Bay has been an industry leader in DePuy lawsuit funding, however their increased commitment to funding single cases up to $250K with minimal due diligence sets them apart from the rest of the legal funding industry.

Covidien Awarded $176.5M in Patent Lawsuit

March 29, 2013 2:36 pm | by The Associated Press | News | Comments

Irish drug and medical device maker Covidien said Friday that a federal court in Connecticut has awarded it $176.5 million after ruling that a Johnson & Johnson unit infringed on three of its ultrasonic surgical products patents. The lawsuit against J&J's Ethicon Endo-Surgery Inc. was...

Covidien Awarded $176.5 Million Verdict in Patent Litigation against Ethicon Endo-Surgery

March 29, 2013 12:54 pm | by The Associated Press | News | Comments

NEW HAVEN, Conn.--(BUSINESS WIRE)--Mar 29, 2013--Covidien (NYSE: COV), a leading global provider of healthcare products, today announced that it has won a patent infringement suit against Ethicon Endo-Surgery, Inc., a Johnson & Johnson company, relating to Ethicon's Harmonic® line of...

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Will Another Durata Failure Report Drag St. Jude Down?

March 28, 2013 1:31 pm | by Mass Device | News | Comments

Wall Street didn't move much on news of another insulation-related failure in St. Jude Medical's next-generation Durata defibrillator leads this week. The case report included a detailed analysis of an incident in which a Durata lead failed due to inside-out abrasion...

J&J Recalls All OneTouch Verio Blood Sugar Meters

March 26, 2013 9:48 am | by The Associated Press | News | Comments

Johnson & Johnson has announced a voluntary recall for all its OneTouch VerioIQ blood glucose meters in the U.S. because they do not provide a warning when a diabetic's blood sugar level is dangerously high. Instead, the meters turn off.

Stryker Must Face Trident Hip Implant Lawsuit

March 22, 2013 10:49 am | by Mass Device | News | Comments

Raymond Chasse Jr. and Stephen Miele sued Kalamazoo, Mich.-based Stryker in December 2012 in the U.S. District Court for Massachusetts, alleging that the medical device company was negligent in its manufacture and distribution of the Trident hip replacement system, according to court documents.

Zimmer Celebrates 10-Year Anniversary of Industry-Leading Medical Education and BioSkills Training Program

March 22, 2013 7:00 am | by PR Newswire | News | Comments

CHICAGO, March 22, 2013 /PRNewswire/ -- Zimmer Holdings, Inc. (NYSE: ZMH; SIX: ZMH), a global leader in musculoskeletal health, is celebrating the 10-year anniversary of The Zimmer Institute.  The Zimmer Institute offers orthopaedic surgeons and healthcare professionals a...

Zimmer® Trabecular Metal™ Total Ankle Introduced at 2013 AAOS Annual Meeting

March 21, 2013 4:30 pm | by PR Newswire | News | Comments

CHICAGO, March 21, 2013 /PRNewswire/ -- Zimmer Holdings, Inc. (NYSE: ZMH; SIX: ZMH), a global leader in musculoskeletal health, today introduced the Zimmer® Trabecular Metal™ Total Ankle, a complete ankle replacement and instrument system, at the 2013 American Academy of...

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Analyst: FDA OK Unlikely for Abbott Heart Device

March 21, 2013 1:09 pm | by The Associated Press | News | Comments

A medical device industry analyst says Abbott Laboratories is unlikely to win approval anytime soon for its device used to repair heart valve problems, following a tepid endorsement by government experts. A Food and Drug Administration panel of heart experts voted 5-3 on Wednesday that the...

FDA Advisory Committee Votes Favorably on Abbott's Minimally Invasive MitraClip® Device for Patients with Significant Mitral Regurgitation Who Are Too High Risk for Surgery

March 20, 2013 7:44 pm | by PR Newswire | News | Comments

ABBOTT PARK, Ill., March 20, 2013 /PRNewswire/ -- Abbott (NYSE: ABT) today announced that the U.S. Food and Drug Administration (FDA) Circulatory System Devices Panel of the Medical Devices Advisory Committee has voted by majority (Yes: 5, No: 3) that the benefits of...

FDA Panel Votes 5-3 that Benefits of Abbott's MitraClip Heart Implant Outweigh the Risks

March 20, 2013 6:55 pm | by Mass Device | News | Comments

The FDA's Circulatory System Devices Panel voted today to make its recommendation regarding Abbott's (NYSE:ABT) premarket approval application for the MitraClip heart implant, agreeing unanimously that the device is safe but issuing a mixed result on the effectiveness and potential risks of the device.

Results of St. Jude Medical's RESPECT Trial Published in The New England Journal of Medicine

March 20, 2013 5:08 pm | by The Associated Press | News | Comments

ST. PAUL, Minn.--(BUSINESS WIRE)--Mar 20, 2013--St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced publication of results from its landmark RESPECT trial in The New England Journal of Medicine. The study results show that device closure using the AMPLATZER™ PFO...

Ethicon Receives 510(K) Clearance for ENSEAL® G2 Cordless

March 20, 2013 8:30 am | by The Associated Press | News | Comments

CINCINNATI--(BUSINESS WIRE)--Mar 20, 2013--In an effort to continue improving physician experience, while helping to simplify the operating room, Ethicon Endo-Surgery, Inc. (Ethicon) today announces the 510(k) clearance from the U.S. Food and Drug Administration for the ENSEAL®G2 Cordless Tissue...

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FDA Blames Poor Training for New Deaths, Injuries Tied to Stryker's Recalled Neptune Systems

March 19, 2013 2:30 pm | by Mass Device | News | Comments

The FDA this month issued updated warnings to clinics still using Stryker's (NYSE:SYK) recalled Neptune 1 Silver or Neptune 2 Ultra surgical waste management systems, noting that there have been additional deaths and patient injuries since Stryker initiated the recall last year.

The Medtronic Foundation Launches Its "Save a Life" Campaign with the Timberwolves' Ricky Rubio

March 15, 2013 1:26 pm | by Mass Device | News | Comments

Rising Timberwolves basketball star Ricky Rubio is the face of the Medtronic (NYSE:MDT) Foundation's new televised public service announcement, " The Heart Rescue Project." This new campaign for sudden cardiac arrest (SCA), the leading cause of death among young athletes, debuted online last month.

Stryker Announces the Launch of the ES2 Spinal System

March 15, 2013 9:01 am | by PR Newswire | News | Comments

ALLENDALE, N.J., March 15, 2013 /PRNewswire/ -- Stryker announced today the launch of the ES2 Spinal System. The ES2 system is built on Stryker's trusted Xia 3 pedicle screw technology, which has been used in approximately 500,000 cases worldwide. ES2's streamlined implant and...

J&J Faces Second Trial in Recalled Hip Controversy

March 14, 2013 8:29 am | by Mass Device | News | Comments

Healthcare giant Johnson & Johnson denied claims this month in the second of tens of thousands of patient injury lawsuits over its implanted metal-on-metal hips. The company countered complaints brought by Carol Strum, who claimed that her ASR hip implant failed due to a defect in design and that she required revision surgery after just three years.

VertiFlex®, Inc. Announces Sale of Certain Non-Core Spinal Implant Technologies to Stryker

March 13, 2013 12:46 pm | by The Associated Press | News | Comments

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--Mar 13, 2013--VertiFlex®, Inc., a leading innovator of advanced minimally invasive spinal surgery technologies , today announced the sale of certain assets to Stryker Corporation’s Spine Division relating to spinal implants that are not core to the ongoing...

Johnson & Johnson Announces Opening of London Innovation Centre

March 12, 2013 8:00 pm | by The Associated Press | News | Comments

Johnson & Johnson today announced the opening of the Johnson & Johnson Innovation centre in London, one of four regional hubs being established this year in the world's leading innovation hotspots.  A part of Johnson & Johnson Innovation, the goal of the London innovation centre is...

Stryker Gets FDA Warning Letter After Inspection

March 12, 2013 3:39 pm | by The Associated Press | News | Comments

Orthopedic maker Stryker Corp. said Tuesday that it received a warning from government regulators about quality control issues and unapproved marketing of medical devices. The company said it got the letter from the Food and Drug Administration following a November inspection of its Portage, Mich., facility.

J&J's Cordis Snaps Up Flexible Stenting Solutions

March 12, 2013 2:41 pm | by Mass Device | News | Comments

Cordis Corp., the stent-making arm of healthcare colossus Johnson & Johnson, said it's acquired Flexible Stenting Solutions as part of turning its back on the coronary stents market in favor of the endovascular arena. Bridgewater, N.J.-based Cordis didn't reveal the purchase price or any details for its buyout of FSS, which makes the FlexStent self-expanding stent.

St. Jude Medical launches Ilumien Optis in Japan

March 12, 2013 10:03 am | by Mass Device | News | Comments

St. Jude Medical (NYSE:STJ) said its launched the Ilumien Optis device in Japan, calling it the only medical device on the market to combine fractional flow reserve and optical coherence tomography technology to allow doctors to evaluate the state and severity of coronary lesions.

FDA Warns Stryker on Quality Systems, Recalls, and Neptune Marketing

March 12, 2013 9:38 am | by Mass Device | News | Comments

Stryker said that the FDA sent it a warning letter stemming from an November 2012 inspection of a plant in Portage, MI. The company said the letter, based on "quality system observations," flagged it for failing to tell the agency of a product recall and for marketing devices including its Neptune waste management system without 510(k) clearance from the FDA.

FDA Gives Siemens the Green Light for Angiography Device

March 11, 2013 6:00 pm | by Mass Device | News | Comments

Technology giant Siemens won FDA clearance to begin distributing the Artis Q and Artis Q.zen angiography systems in the U.S. The technology includes a new X-ray tube with lower radiation levels and updated software for more precise imaging, according to Siemens.

GE, NFL & Leading Healthcare Experts Team up to Accelerate Concussion Research, Diagnosis & Treatment

March 11, 2013 1:00 pm | by The Associated Press | News | Comments

NEW YORK--(BUSINESS WIRE)--Mar 11, 2013--(NYSE: GE) – GE and the NFL today announced the Head Health Initiative, a four-year, $60 million collaboration to speed diagnosis and improve treatment for mild traumatic brain injury. The goal of the research and innovation program, guided by healthcare...

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