Medical device recalls were up for more than 40% during the 2nd half of 2016, according to a new report from Stericycle‘s (NSDQ:SRCL) ExpertSolutions business. There were more than 650 medical device recalls in the 3rd and 4th quarters, an increase of 44% compared with the 1st half of 2016, according to the report. That equates to […]
Medical device recalls have reached their highest point since 2000, according to a new report from Stericycle‘s (NSDQ:SRCL) ExpertSolutions business. Numbers for med device recalls rose 29% over the previous quarter, according to the report, up to 339. Recalled devices increased 187% to approximately 116 million, the highest number since Q3 of 2012. At 59.1%, the […]
Medical device recalls fell to their lowest point since 2013 during the 1st quarter, according to a report from Stericycle‘s (NSDQ:SRCL) ExpertSolutions business. Both the number of recalled units and the actual number of recalls hit 3-year lows, coming in at 30% below their 2-year quarterly averages, according to the report: About 75% of the largest recalls […]
A federal judge in Illinois yesterday approved a settlement agreement between Stericycle (NSDQ:SRCL) and the plaintiff in a whistleblower lawsuit accusing the medical waste disposal company of overbilling federal and state governments to the tune of some $13.6 million. Jennifer Perez, a government customer relations specialist at Lake Forest, Ill.-based Stericycle from 2004 until March 2008, filed a qui tam lawsuit […]
Medical device makers issued more than 400 recalls during Q2, 30% more than in the previous quarter. That’s higher than reported for the last 5 quarter, according to a report by Stericycle ExpertRECALL
The recalls affected about 9.2 million units, a 50% decrease in the quantity of products affected in Q1. Four recalls affected between 500,000 and 1 million units each, and no single recall affected more than 1 million products.
Campbell Rogers is leaving his post as chief scientific officer for Johnson & Johnson’s (NYSE:JNJ) Cordis Corp. – a role created for him in July 2006 – to take the chief medical officer job at startup HeartFlow.