Posts Tagged 'early failure'

Departing Johnson & Johnson CEO Weldon getting $143.5 million

Departing Johnson & Johnson Chief Executive Officer William C. Weldon, who is leaving after a spate of disastrous recalls, will get $143.5 million in retirement pay, according to Bloomberg.

Bloomberg reports that Weldon, 63, will remain chairman. He amassed $95.1 million in deferred and long-term compensation during his 40 years with the company, and his pension has a present value of $48.4 million.

The report mentions that the company struggled with recalls of artificial hip implants and over-the-counter drugs, and safety concerns ...

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Report accuses maker of recalled artificial hips, J&J, of hypocrisy

A report by the American Association for Justice accuses the corporation Johnson & Johnson of hypocrisy for lobbying to prevent individual lawsuits against the company, while suing others to further its goals.

J&J is a board member of the Institute for Legal Reform, an arm of the U.S. Chamber of Commerce. The ILR has the stated goal of “tort reform,” which the AAJ translates as an attempt to restrict “access [to] the civil justice system” by individuals.

But even as the corporation ...

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Consumer group calls for reform of FDA approval process

The independent nonprofit Consumer Reports has undertaken a national campaign to change the process by which the federal Food and Drug Administration approves medical devices, according to a report in the Chicago Tribune.

Consumer Reports says the agency’s approval of metal-on-metal hip implants and transvaginal mesh implants – both of which have led to thousands of reported cases of debilitating health problems — illustrate why reforming the process is necessary.

According to the Tribune, Consumer Reports President Jim Guest sent an email ...

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Another report warns about metal-on-metal hip implants

A study published March 13 in The Lancet, one of the world’s most respected medical journals, calls on doctors to stop using metal-on-metal hip replacement devices because of concerns about high early failure rates and potentially toxic metal debris leaching off and getting into patients’ bloodstreams.

According to a report by CBS News, British researchers analyzed more than 400,000 hip replacements from the National Joint Registry of England and Wales between 2003 and 2011. They found that almost 6 percent of ...

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Government wants higher sanctions against Johnson & Johnson

The U.S. government is demanding that Johnson & Johnson add another $800 million to an initial proposal to settle a federal civil investigation into marketing of the anti-psychotic drug Risperdal, Bloomberg reports.

According to Bloomberg, the Justice Department is demanding that the company pay about $1.8 billion to resolve the civil claims by the U.S. and some states.

The demand came after the Justice Department and states decided a $1 billion settlement that had been negotiated by the U.S. Attorney’s office in ...

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Woman immobile, unable to work after hip implant

The Minnesota/St. Paul Star Tribune ran a story on March 12 featuring a woman whose DePuy metal-on-metal replacement hip failed prematurely, leaving her unable to work or walk. For a time, her kidneys and liver failed. She is also in pain. She blames it all on the artificial hip, the Star Tribune reports.

The report says that Wagner-Morley and thousands more like her throughout the United States have led medical professionals to question the idea of “metal-on-metal” devices, in which both ...

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