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Hernia Patch Lawsuits Hurt C. R. Bard’s Q2

Posted on July 28th, 2011 No Comments

C. R. Bard, one of the world’s leading manufacturers of medical devices, posted low second-quarter earnings, which experts say are due to large settlements in defective hernia repair patch lawsuits.

Patients across the United States sued C. R. Bard over injuries caused by its Composix Kugel Mesh Hernia Patch. The lawsuits claim the hernia repair patches were defective and caused serious injuries such as intestinal blockages and bowel perforations. The patches were made by C. R. Bard’s subsidiary Davol Inc.

Factoring in a lump sum legal charge of $195.5 million from the defective mesh lawsuits, the New Jersey-based company has reported a loss of $47.8 million in the second quarter. That number is quite impressive when compared to the $124.7 million profit the company posted a year ago.

While hernia repair patches such as AlloDerm or Composix have helped many patients, there are thousands of others that have experienced painful and even dangerous side effects from these mesh grafts.

If you have been harmed by an AlloDerm hernia repair patch, please contact the AlloDerm Lawsuit Attorneys of Williams Kherkher by calling 800-761-3187.

 

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