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...In the case, which is one of thousands lodged against J&J over hip implants, attorneys argued that the Pinnacle implant was designed with a metal socket that can corrode and cause tissue to erode over time...
...The company took unspecified litigation charges, against a backdrop of continuing legal actions including compensation demands from users of its DePuy ASR artificial hip....
...The issue was highlighted this month at a hearing of the US Senate committee on ageing, concerning another product sold by J&J through its DePuy subsidiary – the ASR artificial metal hip....
...Last year J&J took after-tax charges of $922m due to lawsuits related to its DePuy ASR replacement hip, which was recalled, and other product liabilities and litigation....
...Well, a deal between two leading orthopaedic implant manufacturers makes a lot of sense says Merrill Lynch … As Biomet’s weak orthopaedic results for 2QFY11 (6th January) highlighted, the fundamental outlook...
...The company took after-tax charges of $922m during the year to cover the impact of litigation around its DePuy ASR replacement hip, which was recalled, and other product liabilities and litigation....
...The case cast a pall over the entire orthopaedics industry, which includes implants and related products such as operating equipment and had sales last year of about $30bn....
...Growth in J&J’s medical device business, including its Depuy hip and knee replacement and implant unit, offset the group’s lacklustre pharma business results....
...DePuy Orthopaedics, Inc., a $3bn company and the oldest orthopaedics manufacturer in the US, designs and manufactures devices and supplies - including hip, knee, ankle, shoulder, wrist, elbow, and finger...
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