1 Billion Dollar Stryker Hip Settlement Progresses
After settling thousands of liability lawsuits regarding a pair of recalled metal-on-metal hip implants, Stryker has announced it will be moving forward with its one billion dollar settlement.
Details about the Stryker Settlement
Last year Stryker received thousands of liability lawsuits and has now developed a settlement plan to compensate all patients who were affected by metal-on-metal hip implants, according to Mass Device.
Stryker originated in Kalamazoo, Michigan and it is an orthopedics based medical technology company. The company reported that 95% of the patients who were affected by the Rejuvenate and ABG II implants recall have signed up for the settlement plan. They will be compensated for any correctional surgeries that they were required to have due to the recall.
Each claim will be evaluated independently and the terms of the compensation will be decided from there Stryker has reported. The payments are expected to begin in July 2015 and be complete by fall 2015.
Judge Donovan Frank of the U.S. District Court for Minnesota announced the settlement program on November 4th, 2014. Judge Frank has overseen close to 1,800 lawsuits filed regarding the Rejuvenate and ABG II devices. Another judge in New Jersey is currently overseeing 2,100 cases about the products.
Stryker had not admitted to any liability or wrongdoing in the settlement. The details of the settlement include each plaintiff receiving up to $300,000 for each implant.
Information on the Rejuvenate Modular and ABG II Implants
In July 2012, Stryker recalled a pair of hip implants after concerns were brought to attention that the implants might be prone to “fretting and/or corrosion at or about the modular-neck junction”. This can lead pain, swelling, and other reactions around surrounding tissue according to the recall report.
Stryker has chosen to stop global production of the devices after discovering the health hazards occurring in post-market surveillance data. The main concern is the corrosion of the module’s neck junction.
The job of the modular neck stem is that it allows health care professionals to more efficiently reproduce a patient’s natural hip geometry according to a Stryker report from 2012.