Zantac became one of the largest product recalls in medical drug history in 2019 when the popular heartburn drug was pulled from the market. The financial effects of this recall on the maker of the drug have been considerable. Recently, Sanofi announced that it was going to take a $186 million hit from the recall …
The medical device giant Medtronic recently issued a recall which affects hundreds of thousands of diabetes patients. The company has recalled its Minimed insulin pumps due to a potentially deadly situation. Nearly half a million units were involved in the recall which was given the most serious rating of Class I, which is assigned when …
Cardinal Health recently announced that it would recall over nine million surgical gowns due to issues with possible contamination. The recall is expected to be a costly one for the company. Cardinal Health recently informed its shareholders that it would be taking a $96 million charge against its earnings in the second quarter of 2020. …
A crucial medication has been subject to a voluntary recall after it was shown that rubber particles from the container housing the drug can break off and make their way into the medication. This can result in the introduction of foreign substances into the body. The drug is Natpara and it is used to treat …
After increasing to a historic level in 2018, the amount of medical device recalls remained elevated in 2019. This is borne out by the statistics that quantify exactly how widespread the problem has become. The number of medical device recalls has increased for several reasons, and one of the primary causes is the increasing sophistication …
Drug recalls, while vital and necessary, often induce panic in the general public. To be clear, it is best that drug makers err on the side of caution when considering whether or not to take a drug of the market. Unfortunately, there have been plenty of incidents over the years when drug makers had an …
Recently, Johnson & Johnson has been besieged by lawsuits alleging that its talc powder causes cancer. Research is demonstrating that the presence of asbestos in the talc powder has caused mesothelioma and ovarian cancer. As a result, juries have issued large verdicts against the company that have assessed a high amount of punitive damages. As …
On September 13, the FDA announced that it had learned that the heartburn medication known as Zantac contained an impurity. At the time, the FDA advised patients that the medication was safe and the benefits of the drug outweighed the risks. Since then, a number of manufacturers and sellers have voluntarily pulled the drug back …
As of this writing in September 2019, there have been a total of 26 medical device recalls this year. These have impacted approximately 50 million people in this country. These recalls have ranged from minor issues to major ones that could potentially be life threatening. Here is some information on the nine most consequential medical …
A possible human carcinogen has been found in heart failure and blood pressure medications distributed across the U.S., leading three companies to voluntarily recall their products. The U.S. Food and Drug Administration (FDA) explained in an announcement on July 13, 2018, that some medications containing the active ingredient valsartan have been contaminated with N-nitrosodimethylamine (NDMA), …
