A new report from ProPublica and the Pittsburgh Post-Gazette claims to shed more light on the alleged role of Philips CEO Roy Jakobs in the ongoing Respironics recall. Philips has been handling a Class I recall of certain respiratory devices since mid-2021. Respironics recalled millions of ventilators, bi-level positive airway pressure (BiPAP) and continuous positive airway pressure (CPAP) machines. […]
Legal News
ITC rules in favor of Masimo in Apple Watch patent spat, stock rises
Masimo announced that the U.S. International Trade Commission (ITC) ruled in its favor in an ongoing patent battle with tech giant Apple. Shares of MASI ticked up more than 5% at $85.26 apiece by midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell slightly. […]
Report: Patent practices triggered EU antitrust probe into Edwards
Reuters reports that European officials probed Edwards Lifesciences over potential antitrust activity because of patent practices. The outlet cites a person familiar with the matter regarding the European Commission’s scrutiny of the U.S.-based medtech company. Last month, the European Commission said it conducted a surprise inspection at an undisclosed medtech company. It listed that company […]
EU orders Illumina to divest Grail after ‘unlawful’ merger
The European Commission today announced it has ordered Illumina (Nasdaq: ILMN) — the DNA sequencing and array-based tech developer — to unwind and divest its Grail acquisition. The decision follows the commission’s decision to prohibit the transaction in September 2022 over concerns the merger would be anticompetitive and “stifle” innovation in the market. Despite the […]
Judge grants preliminary approval to Philips class action settlement
A federal judge in Pennsylvania has granted preliminary approval to an economic loss settlement involving lawsuits filed against Philips over its massive recall of CPAPs and other respiratory devices. U.S. District Court Judge Joy Flowers Conti’s order, filed yesterday, could just be the beginning of settling what has arguably been one of the medical device […]
Medtronic says defective McGrath Mac video laryngoscopes were stolen and offered for sale illegally
Medtronic issued a notification to warn of stolen, defective McGrath Mac video laryngoscopes offered for sale by unauthorized third parties. The company informed the public of the illegal offering of the devices by third parties through various social media platforms. Affected products failed to pass Medtronic’s rigorous tests established for the product. The company did […]
Report: Edwards is cooperating with EU amid antitrust scrutiny
According to reports, Edwards Lifesciences is the company under scrutiny in Europe for potential antitrust activity. Reuters reports that the company is working with EU antitrust regulators on the matter. The European Commission said last week that it conducted a surprise inspection at an undisclosed medtech company. It listed that company as active in the cardiovascular […]
The Philips CPAP recall settlement could be just be the start
Philips is set to pay at least $479 million to settle claims related to its ongoing Respironics recall. It could just be the beginning of settling what has arguably been one of the medical device industry’s most serious recalls in recent decades. (Here is a full timeline of the Philips recall.) Subject to approval in […]
Philips reaches settlement in class-action lawsuit over sleep apnea machine recall
Philips announced today that it reached a class-action settlement on economic loss claims related to its ongoing Respironics recall. The agreement resolves all economic loss claims in the U.S. multidistrict litigation (MDL) related to the voluntary recall. Philips expects to submit the settlement to the U.S. District Court for the Western District of Pennsylvania later […]
Lawsuit alleges ‘potentially problematic’ patient data sharing from Medtronic Diabetes devices
A class-action lawsuit filed against Medtronic alleges that the company’s insulin delivery devices shared patient data with third parties. The lawsuit — filed by the plaintiff “A.H.” in U.S. District Court in Central California — levels allegations against Medtronic and its MiniMed and InPen devices. It addresses MiniMed’s transmission and disclosure of personally identifiable information […]
3M announces $6 billion earplugs settlement
3M today announced that it will pay $6 billion in cash and stock for the rest of the decade to resolve hundreds of thousands of veterans lawsuits over faulty earplugs. Bloomberg News and The Wall Street Journal previously reported that 3M was close to reaching a settlement. The agreement with negotiating plaintiffs’ attorneys has the […]