Johnson & Johnson reports that its first-quarter profits increased by 12.5 percent, Bloomberg reports. That increase came despite the company’s problems with nearly 30 recalls for a number of nonprescription and prescription medicines, as well as medical devices.
That 12.5-percent increase came about primarily because of lower spending on research, sales and administration and a boost from selling rights to a drug, the report said.
According to the report, Johnson & ...
continue reading...An Australian newspaper reports that metal-on-metal hip implants are being recalled in New Zealand, following international reports that the devices have a high early failure rate.
According to “The Australian,” a some citizens are pursuing legal action against the device’s manufacturer, seeking compensation for pain, suffering and financial loss.
Similar legal actions are taking place in other countries against the manufacturers of metal-on-metal hip implants, including the United States.
The report says ...
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Ironically, a type of hip implant that’s prompted thousands of lawsuits was designed specifically to prevent the types of problems it’s allegedly causing on a wide scale, according to a report in “Arthritis Today.”The report mentions a study published in respected British medical journal “The Lancet,” which found that metal-on-metal artificial hip joints are far more likely to fail within five years than other available ...
