Boston Scientific Corp. announced that it has agreed to increase the amount it will pay to settle thousands of heart patients' legal claims involving potentially faulty defibrillators by $45 million.The increase means the medical device maker will pay as much as $240 million, instead of the $195 million from a settlement announced July 13, 2007 … [Read more...]
Search Results for: medical equipment
Breas Medical Issues Voluntary U.S. Nationwide Urgent Medical Device Correction of Vivo 45 LS Ventilator
Summary Company Announcement Date: August 09, 2024 FDA Publish Date: August 09, 2024 Product Type: Medical Devices … [Read more...]
Smiths Medical Issues Worldwide Notification Regarding the Recall of Jelco® Hypodermic Needle-Pro® Fixed Needle Insulin Syringe With Skewed Graduation Markings
Summary Company Announcement Date: June 16, 2021 FDA Publish Date: June 17, 2021 Product Type: Medical Devices … [Read more...]
Recent Reports Suggest FDA Needs to Rethink Its Oversight of Medical Devices
For many people, the decision to use a medical device as treatment for a debilitating condition is a no-brainer. After all, these devices have been approved by the Food and Drug Administration; what could go wrong? Sadly, hundreds of thousands of patients have been disappointed by a flawed regulatory system that rushes medical products onto the … [Read more...]
Medical Device Approvals Increase Recalls, Mass Tort Cases
Medical Devices usage is rampant. By 2020 the sales revenue and international trade value for the global medical device (MD) market are expected to reach $543.9 billion and $289.2 billion, respectively. These figures look interesting and promising for the healthcare sector. Unfortunately, the large volume and high profits also raise concerns about … [Read more...]
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