Insurers also stand to gain plenty from Johnson & Johnson's $2.5 billion-plus offer to settle 8,000 lawsuits involving faulty metal hip implants. Bloomberg reported that the conglomerate will fork over as much as $1 billion to insurers who covered patients' cost of removing the now-recalled ASR implants.
Abbott Laboratories acknowledged that a number of its glucose test strips may produce bogus low blood-glucose results when used with certain older-model meters, so executives turned to a voluntary recall as a safety precaution.
Hospira's long-troubled infusion pump business is dealing with another recall, earning the FDA's most severe warning over a device malfunction the agency said can lead to serious injury and death.
Unscrupulous attorneys may exploit Johnson & Johnson's ($JNJ) offer to pay $2.5 billion-plus to settle thousands of lawsuits alleging it sold faulty metal hip implants, a New Jersey judge warned.
The FDA has applied its most serious label to Atossa Genetics' recall of a breast cancer diagnostic, warning that using the unapproved devices could lead women to forego treatment and increase their risk of serious injury and death.
Edwards Lifesciences has recalled a fleet of its bypass catheters over deformed tips, and the FDA has assigned its most serious label to the effort, heaping trouble onto what has been a trying few weeks for the California devicemaker.
CareFusion is back in familiar regulatory waters, cautioning customers of a malfunction in one of its ventilators and earning the FDA's most dire warning for the third time this year.
Atossa Genetics is voluntarily recalling its signature breast cancer test and related products from the market to address the FDA's allegations that they lacked clearance for their promoted uses.
Baxter has launched a voluntary recall of some poorly packaged medical caps it said can lead to embolism, and the FDA warns that using the devices could cause to serious injury or death.
Stryker is recalling lots of a plate used in spinal surgeries, and the FDA has assigned its most serious tag to the problem, warning that using the device could result in serious injury or death.