A Look On Johnson & Johnson’s Sales After The DePuy Hip Recall
Individuals that were affected of the recent hip replacement recall was estimated to be about 93, 000. The recalled hip replacement implants were the DePuy ASR XL Modular Acetabular Cup System and the DePuy ASR Hip Resurfacing System. A subsidiary of Johnson & Johnson, DePuy Orthopaedics is the manufacturer of these hip implants. These hip implants were recalled due to the complaints from its users. These affected users were experiencing too much hip pains and have developed difficulties in moving. A DePuy hip lawsuit has been filed because these users felt the need to make this company pay for their irresponsibility.
These hip implants from DePuy do not guarantee to last for a very long time but it was said to last up to fifteen years. However, these two implants from DePuy have been malfunctioning despite using it for five years only. There is even a need to do a revision surgery on some users. The lawsuit really is justifiable.
A lawsuit is never good for a company’s reputation because it can be a factor why a person will lose their trust on the company. Now, as these lawsuits have been increasing, let us take a look on Johnson & Johnson’s sales after the DePuy hip recall.
DePuy Orthopaedic’s is not only Johnson & Johnson’s source of income but after the DePuy lawsuit, their profits decreased. This decrease in sales does not only cover for the hip implants sale’s but also for Johnson & Johnson’s other products such as their contact lenses, their cancer drug, and other medicines. Instead of blaming this decreasing profit on the DePuy hip replacement lawsuits, they are blaming it on the current economic condition. They are saying that people’s spending habits are changing because of the ongoing recession and they believe that it has resulted to their profits decreasing. The cause of delaying to undergo in a surgical procedure is said to be caused by people’s current financial difficulties. As obvious, it would be safe to say that the real cause of Johnson & Johnson’s decreasing profits are the lawsuits from the defective hip replacement implants.
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