Johnson & Johnson Earmarks Nearly 1 Billion Dollars – For What?

As New Jersey and Philadelphia DePuy hip recall attorneys, we have been providing updated posts regarding the DePuy hip recall litigation, the nature of the hip defects which led to the litigation, and some helpful tips for any patients who may have a recall claim. These posts are designed to help any potential claimant understand the recall litigation and claims process.

DePuy and Johnson & Preparing for Something, But What?

new jersey philadelphia depuy hip recall attorneys johnson moneyRecent news demonstrates that not only are DePuy recall lawyers and patients planning for the litigation, but Johnson & Johnson and DePuy have also recognized the potential problem and have taken financial steps to prepare themselves. According to Johnson & Johnson’s fourth quarter earnings report released this past month, the company is taking a $922 million charge related to its potential exposure for the DePuy hip recall. While $922 million may sound like a large sum of money, it may be inadequate to cover the sum of 93,000 potential claimants that will require compensation from Johnson & Johnson.

DePuy hip recall patients should not worry about Johnson & Johnson’s overall financial health. According to the same fourth quarter earnings statement, Johnson & Johnson posted a net income of $1.9 billion in its orthopaedic unit and $5.71 billion in its pharmaceutical unit.

Neither Johnson & Johnson nor DePuy issued any official statement regarding the funds set aside, or their plans for the DePuy recall litigation. Therefore, it is unknown whether the $922 million has been set aside for payment of legitimate DePuy hip recall claims, or if it has been set aside so that Johnson & Johnson and DePuy can mount a high price defense in order to minimize exposure.

DePuy Hip Recall Lawyers in New Jersey and Philadelphia

As New Jersey and Philadelphia DePuy hip recall lawyers, we will be watching closely and posting any additional information about the DePuy hip recall. If you or a loved one are recipients of a defective DePuy hip implant, contact the Mininno Law Office for a free case evaluation, or call for a free consultation at (856) 833-0600 in New Jersey, or (215) 567-2380 in Philadelphia.

Should DePuy Defective Hip Recall Make all Hip Implant patients Think Twice?

As DePuy hip recall lawyers, we have been posting daily about the hip recall litigation and other matters that may be of interest to any DePuy hip recall patient. Since this past August, many patients who are considering hip implant surgery have been wondering whether it is time to stop and think about the future of hip implant surgery. After all, any replacement procedure, whether replacing a hip, shoulder, or knee with an implant, involves replacing the body’s natural bone and tissue with man made metals and ceramics. Here, DePuy used chromium and cobalt in its ASR hip replacement system. For the 93,000 implant recipients, the recall was very bad news and is making all potential joint replacement patients reconsider their medical options.

Good Future for Joint Replacement Surgeries

new jersey philadelphia depuy hip recall lawyers patients think thiceFortunately, the medical future involving artificial joint replacement looks bright. Notwithstanding the failure of the DePuy hip implant, scientists, metallurgists, and researchers are constantly searching for better options for joint replacement patients. Unfortunately, companies like DePuy Orthopaedics and Johnson & Johnson have a financial incentive to be the first manufacturer to get their products on the market. As such, it must be questioned whether this profit motive causes manufacturers to put medical devices on the market before conducting long term studies about the product. In the case of DePuy, it appears that there were no long term studies regarding the wear and tear of the implant before the product was released into the market. Perhaps DePuy and Johnson & Johnson hoped that the chromium and cobalt metal parts in the hip implant would not pose a problem to potential patients.

Sadly, after 93,000 patients received the replacement, it turns out that DePuy’s hopes didn’t pan out. Now, these patients will be forced to undergo another surgery to remove the defective implant and replace it with yet another hip implant. Fortunately, as technologies improve and manufacturers see the downside of prematurely placing products on the market, there will be less and less complications involving joint replacement surgery in the future.

DePuy Hip Recall Lawyers in New Jersey and Philadelphia

If you or a loved one recently underwent hip replacement surgery and you’ve discovered that your implant was manufactured by DePuy, contact the Mininno Law Office for a free case evaluation. We are prepared to provide with appropriate assistance and lead you in the right direction regarding your claim against DePuy. You may also call for a free consultation at (856) 833-0600 in New Jersey, or (215) 567-2380 in Philadelphia.