single device or just one company.
DePuy would not comment on how
much it had paid in recall-related costs. But
spokeswoman Mindy Tinsley told The New
York Times that the company is working
with patients and insurers.
Along with ASR-related cases, DePuy
also faces more than 560 lawsuits over the
all-metal version of another hip model—
called the Pinnacle. Since the model is
performing well, company executives have
said that costs for its replacement are being
borne by Medicare, insurers or by the
To recoup their expenses, insurers typi-
cally notify patients through lawyers that
they expect to be reimbursed from any
settlement money patients receive, rather
than pursue their own lawsuits with the
device makers. Also, Medicare is expected
to enforce new laws sometime this year
that will make it easier for the agency to
recover taxpayer dollars spent treating
patients injured by problem drugs and
medical devices, legal experts said.
Greatbatch Inks Deal for
Specialized Design Firm
Greatbatch Inc. has acquired NeuroNexus
Technologies for approximately $12 million
in cash—including the assumption of debt
and future considerations.
NeuroNexus, headquartered in Ann
Arbor, Mich., is an implantable medical
device design firm specializing in developing and commercializing neural interface
technology, components and systems for
neuroscience and clinical markets.
According to Greatbatch officials, the
company’s latest acquisition has “an ex-
tensive intellectual property portfolio, core
technologies and capabilities to support
the development and manufacturing of
innovative neural interface devices across
a wide range of functions,”including neu-
romodulation, sensing, optical stimulation
and targeted drug-delivery applications.
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