Stryker Hip Recalls Devour Company’s Profits

An Ohio Stryker hip injury lawyer notes that two popular hip devices that were the subject of a 2012 recall have put a damper on the quarterly profits of the device maker. The orthopedic technology company suffered financial losses after it became publicly known that a Stryker hip injury could result from a patient’s use of its modular-neck stem devices, ABG II and Rejuvenate. Patients who have suffered severe complications from metal hip replacements may be eligible to seek compensation with the assistance of an Ohio metal hip replacement attorney.

For more information, contact Attorney Group for Ohio. We offer free, confidential, no obligation consultations. We can help answer your questions, and if you choose to pursue a case we can connect you with an affiliated Stryker hip recall attorney who can assist you throughout the legal process.

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Report: Device Maker’s Spending Up $120 Million as Recalls Take Toll

A 2012 recall involving two popular hip devices proved costly not only for the patients who allegedly suffered pain, tissue damage and other problems with their hip implants, but also for the manufacturer of the hip devices. According to an article posted by Modern Healthcare, Michigan-based medical device giant Stryker Corp. saw a decrease in earnings as a result of the recall of the hip devices, the ABG II and the Rejuvenate hip stems.

The article reports that the device manufacturer’s 2015 third quarter expenditures related directly to the recall were about $150 million, which is about $121 million above where they were at the same time in 2014. A Stryker spokesman noted that financial obligations related to the recall tend to grow over time as the public becomes increasingly aware of it. The recall for the two Stryker hip systems was issued after it became apparent that the devices could corrode and result in a variety of painful and costly medical problems for hip patients, the website reported.

How an Ohio Stryker Hip Injury Lawyer Can Help

Device makers have a duty to provide safe products. If there are risks of harm associated with their products, they also must provide adequate warnings. If a device maker fails to fulfill this duty, it could be held liable in lawsuits for injuries that may result.

People injured by defective medical devices may be eligible to recover money for:

  • Medical Expenses
  • Lost Wages
  • Pain and Suffering

The families of those who have died may be eligible to recover money for funeral expenses and the pain that comes with losing a loved one.

The Time You Have to Pursue a Claim is Limited. Contact Us Today.

For more information, contact Attorney Group for Ohio. You can fill out the form on this page or contact us by phone or email.

After you contact us, an attorney will follow up to answer questions that you might have. There is no cost or obligation to speak with us, and any information you provide will be kept confidential.

Please note that the law limits the time you have to pursue a claim or file a lawsuit for an injury. If you think you have a case, you should not delay taking action.