What Does the U.S. Food and Drug Administration’s Letter to Hip Makers Mean?
What Does the U.S. Food and Drug Administration’s Letter to Hip Makers Mean? Letter to Hip Makers Mean?
The U.S. FDA ordered 21 manufacturers to collect information from patients in a recent letter to hip manufacturers. Click here for report. The three-page letter demands blood tests and other studies within thirty days. Here is a summary of the information and questions the FDA is requiring from manufacturers:Will New FDA Orders Lead to a Recall of All Metal-on-Metal Hip Implants?
U.S. Food and Drug Administration orders 21 hip makers to blood test their patients for metal.
The U.S. Food and Drug Administration, the governmental organization that protects public health, entered the battlefield with the Johnson & Johnson's DePuy recall and ordered 21 manufacturers to collect information from patients - including blood tests for metallic ions. This broad use of the agency's authority will clarify failure rates of metal-on-metal implants and drop the hammer on Johnson & Johnson.
"This is a disaster for J&J," said James Moriarty, senior partner at Moriarty Leyendecker. "It will be a public health nightmare and show how metal-on-metal hip implants can cause metallosis." (the swelling around metal implants as a result of corrosion or an allergic reaction).
Johnson Takes $3 Billion Hit on Hip Recall
Johnson & Johnson took quarterly charges of more than $3 billion, largely related to the recall of artificial hips, and gave a 2012 earnings forecast below analysts’ estimates on Tuesday.
The company’s DePuy Orthopedics unit issued an extensive recall of its “metal-on-metal” hip replacement devices in 2010 after they shed metal fragments, causing disabling injuries.
The fourth-quarter charges will allow money to be set aside for patients and lawyers involved in product liability litigation.
“The hip recalls worry me because their eventual costs are unknown,” said Jeff Jonas, an analyst at Gabelli & Company, who noted that the fourth-quarter charges included $800 million for medical costs of the recall.
The company forecast 2012 earnings of $5.05 to $5.15 a share, compared with the consensus Wall Street view of $5.21.
William Price, a company spokesman, said most analysts had not factored in damage from the stronger dollar.
Johnson & Johnson reported better-than-expected fourth-quarter earnings, helped by favorable taxes and sales of new prescription drugs. The company earned $218 million, or 8 cents a share, in the quarter. That compares with $1.9 billion, or 70 cents a share, a year earlier, when it also took charges for recalls of hip replacement devices.
Excluding special charges, Johnson & Johnson earned $1.13 a share. Analysts had expected $1.09, Thomson Reuters said.
Johnson & Johnson, which is based in New Brunswick, N.J., said global sales rose 3.9 percent in the quarter, to $16.26 billion, slightly below analysts’ target.
Source : nytimes
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U.S. Food and Drug Administration’s Letter to Hip Makers Mean?
What Does the U.S. Food and Drug Administration’s Letter to Hip Makers Mean?
The U.S. FDA ordered 21 manufacturers to collect information from patients.
The U.S. FDA ordered 21 manufacturers to collect information from patients in a recent letter to hip manufacturers. Click here for report. The three-page letter demands blood tests and other studies within thirty days. Here is a summary of the information and questions the FDA is requiring from manufacturers:
- The harmful events observed in patients with Metal-on-Metal (MoM) total hip replacement (THR) systems.
- The levels of serum and chromium in patients prior to THR.
- The patient population's average levels of chromium and serum in the blood for a minimum of eight years after the implant (patient population is the demographics and other particulars of a particular population).
- Do the average levels of chromium and serum in the blood increase during the first eight years (or the length of time on the market)?
- Reasons for revision (alteration of a medical device) and patient population's average levels of chromium and serum in the blood at the time of the revision.
- The number of patients with pain and biological and psychological symptoms associated with the THR.
- The quantity of harmful reaction of body tissues in patients who did not have a revision.
- How differences in revisions vary over time after the initial implant?
- What demographics have higher metal ion concentrations in their blood?
- What demographics have higher risks of needing revisions?
- What causes the THRs to fail?
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By Megan Breckenridge, Staff Writer
SULLO & SULLO, LLP