Posted On: April 27, 2011

J&J Buys Synthes

Johnson & Johnson is purchasing medical device maker Synthes Inc. for $21.3 billion in the largest deal ever by J&J. This move will further - to say the least - J&J's effort to capture more market share in the surgical trauma equipment and orthopedic implant markets.

A few months ago (I couldn't find the post I did), I wrote that you should buy J&J stock because the number of recalls/screw-ups just could not continue at the frenetic pace it was maintaining. Well I was wrong about the frenetic pace part of it but, the stock is continuing to rise which furthers my Pet Theory #853,034: product liability lawyers overestimate how much litigation matters to these huge pharma companies. J&J sets aside nearly a billion dollars for the Depuy hip replacements and we think that must be a big deal. But it is simply an accounting error to J&J in a deal of this size.

Posted On: April 26, 2011

DePuy Hip Lawsuit Pile On

Everybody wants in. You can't do a search on Google without finding 20 lawyers looking for recalled DePuy hip replacement cases. It is pathetic. (Oh, now that you mention it, you can find some pandering from us here.)

Anyway, the fund that manages health benefits for a number of towns in New Jersey has filed a class action lawsuit against DePuy Orthopaedics over its ASR hip implant recall. The fund accuses DePuy (Johnson & Johnson) of fraud and unjust enrichment, alleging DePuy knew its hip implants had problems and left them on the market, ostensibly hoping no one would notice (no one did for a while, actually).

In other words, their lawsuit mimics the language of virtually every DePuy hip replacement lawsuit.

Posted On: April 20, 2011

PDF/Microsoft Word Recalls

There seem to be a lot of recalls that are published by attaching either a .pdf document or a Microsoft Word document. Why? Could it be that providing this information in this format is less sticky for search engines?

If the only mention on your website related to a recall of your product is a .pdf/Microsoft Word document, this makes me more than a little suspicious.

Posted On: April 13, 2011

Knee Replacement Comments

I hate spam. A lot of folks had comments about their Zimmer knee replacement but I did not see them in the midst of so much spam. I went back today and found a lot more comments. They are all published now here.