Now, Stryker has advised investors that costs associated with legal claims over the hip recall may amount to between $190 and $390 million.
Chicago, IL (PRWEB) March 29, 2013
The hip implant resource center at DrugRisk.com is announcing new information on the site for patients that may have been affected by the recent Stryker hip recall. The company has informed investors they are attempting to resolve claims as patients alleging injury have requested cases be moved to a federal court.
DrugRisk was created to provide patients using popular drugs and medical devices with the latest warnings, recalls, studies and litigation news. Visitors can learn if others are experiencing similar side effects and decide if they need legal advice.
The resource center contains warnings from the British Medical Journal* and FDA** that toxic metal shavings from all-metal hips like the Stryker ABG II and Rejuvenate can cause serious conditions such as tissue damage, bone loss and damage to other organs when released into the body.
Stryker issued a recall of the Rejuvenate and ABG II modular implant systems in July of 2012***. As part of the recall, the company admitted some patients experienced adverse local tissue reactions or elevated levels of metal in the bloodstream, even if no symptoms were present***.
DrugRisk has also learned that patients filed a petition with the U.S. Judicial Panel on Multidistrict Litigation asking that Stryker lawsuits be consolidated to a special federal court in the U.S. District Court, District of Minnesota. (In Re: Stryker Rejuvenate and ABG II Hip Implant Products Liability Litigation, Case Pending No. 20 (JPML))
Now, Stryker has advised investors that costs associated with legal claims over the hip recall may amount to between $190 and $390 million*****.
Anyone that may have been affected by the Stryker Rejuvenate or ABG II hip recall is urged to contact the DrugRisk Resource Center or speak with a lawyer about their full legal rights before signing anything from the company.
Due to the specialized nature of federal medical device injury cases, DrugRisk only recommends lawyers and law firms who have already handled Stryker recall lawsuits.
For more information on the recall, studies and litigation news related to Stryker or other metal hips, or to speak with a lawyer, visit http://www.DrugRisk.com.
*****Stryker 2012 Annual Report, Other Information, Legal and Regulatory Matters, Pg. 19; http://catalog.e-digitaleditions.com/i/114936