Recall of Artificial Hip Causes Johnson & Johnson 2012 Earnings Forecast to Dip

The pharmaceutical giant, Johnson & Johnson, has been given a 2012 earnings forecast which is below the previous estimates present by financial analysts due to the number of DePuy hip replacements which were recalled. In fact, recent reports state Johnson & Johnson takes $3 billion charge for hip recall.
Author: Andrew Sullo
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Taking Charge: A Blueprint for DePuy Hip Implant Recipients to Follow for Successful Recovery

While the FDA began receiving complaints regarding the failure of hip replacement devices manufactured by DePuy Orthopedics (a subsidiary of Johnson & Johnson) for some time, there was not a DePuy hip extensive recall on the device until August of 2010.
Author: Andrew Sullo
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“Hip” Definitions: A Discussion of Medical Terms Every DePuy Hip Implant Recipient Should Know

July of 2003 saw the worldwide introduction of the metal-on-metal hip replacement by DePuy, although these devices were not used for hip replacement surgeries in the United States until 2005.
Author: Andrew Sullo
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Johnson & Johnson Takes $3 Billion Dollar Fourth Quarter Charge

Johnson & Johnson, the parent company of DePuy Orthopedics recently took a fourth quarter charge of over $3 billion dollars related primarily to their voluntary recall artificial hip implants—the DePuy ASR Acetabular System and the ASR Hip Resurfacing System.
Author: Andrew Sullo
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Things You Should Know About Johnson & Johnson’s and DePuy Orthopedics’ Attempts to Help Hip Implant Recipients

DePuy hip implants were used widely throughout the world, beginning in 2003, and in the United States from 2005. Although concerns were raised regarding the safety of these hip implant devices, a recall by DePuy was not issued until August of 2010 when DePuy received data from the National Joint Registry showing the five year revision rate for the ASR hip replacement system was approximately 12-13%.
Author: Andrew Sullo
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