Categorized | National News, New To Town

Stryker to Pay $1.43B to Settle Hip Implant Cases

Medical implant maker Stryker Corp. will pay at least $1.43 billion to settle thousands of lawsuits from patients who had to have surgery to remove problematic hip implants, under a deal announced Monday.

The agreement, brokered by a New Jersey Superior Court judge, resolves state and federal lawsuits against the maker of orthopedics. It was announced Monday in U.S. District Court in St. Paul, Minnesota.

Stryker said the $1.43 billion figure represents the “low end of the range of probable loss to resolve these matters.”

The lawsuits stem from two hip implants that Stryker recalled due to corrosion and other problems in 2012. One year ago Johnson & Johnson paid $2.5 billion to settle 8,000 lawsuits from patients who had to have the company’s metal ball-and-socket hip implant removed or replaced.

Read more in Modern Healthcare.

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