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J&J Looking At Possibly $1 Billion In Lawsuits Over DePuy Hip Replacement Devices

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The number of lawsuits alleging that DePuy Orthopaedic knew of design problems with their ASR metal-on-metal hip replacement devices and failed to properly warn physicians is continuing to grow, and Wells Fargo analysts estimate that DePuy parent company Johnson & Johnson may be looking at over a billion dollars in liability and costs in the nearly 1,000 lawsuits filed so far, according to the Wall Street Journal.

DePuy issued a recall of the defective ASR hip replacement systems In August 2010 stating to medical professionals that the ASR systems had a higher than normal failure rate.

It was later discovered that the metal-on-metal device shed cobalt and chromium particles into the body potentially causing a condition known as metallosis, which can result in soft tissue damage, bone loss, necrosis in and around the implant site, and asceptic fibrosis.

The Food and Drug Administration has requested that metal hip replacement manufacturers provide more thorough data on metal implants and metal poisoning from the implants.

Johnson & Johnson increased its product liability reserves to $570 million and has allotted $280 million for medical costs of patients affected by the recall.

 

breakinglawsuitnews.com disclaimer: This article: J&J Looking At Possibly $1 Billion In Lawsuits Over DePuy Hip Replacement Devices was posted on Wednesday, July 13th, 2011 at 7:45 pm at breakinglawsuitnews.com and is filed under Medical Device Lawsuits.

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