- Stryker Pays over $1 Billion for Faulty Hip Implants
- December 18, 2014 | Author: Seth A. Katz
- Law Firm: Burg Simpson Eldredge Hersh & Jardine, P.C. - Englewood Office
Orthopedics device manufacturer Stryker will pay $1.43 billion to patients who received implants of the company's Rejuvenate Modular-Neck or ABG II Modular-Neck Hip Stems, reported Medical Device and Diagnostic Industry. The amount is based on the thousands of lawsuits the company is addressing, paying each patient a base sum of $300,000.
Patients that had to undergo multiple surgeries, contracted infections or suffered other injuries may be entitled to additional money.
According to Detroit News, the hip implants were recalled due to corrosion and other problems as far back as 2012. Plaintiffs in 39 states claimed their Stryker implants were defective and either caused illness, such as pain or swelling, or corroded inside their bodies.
This is one of the highest amounts paid by an implant manufacturer in the last year, reported The New York Times. However, the company said they expected the expenses to be higher.
"This settlement program provides patients compensation in a fair, timely and efficient manner," said William J. Huffnagle, president of Stryker Orthopaedics.
These implants were manufactured using metal parts. Since the rise of complaints, the design has been largely abandoned, and surgeons now recommend using devices made of mixed materials, such as plastic and metal.