CryoLife settles some product liability cases
This article was originally published in Clinica
CryoLife has paid $3.3m to settle six lawsuits and claims against it. None of the claims was covered by its insurance. The payment will be reported in the fourth quarter, alongside a $2.4m increase to its legal liability reserves for product liability and similar claims that have been asserted.
You may also be interested in...
With many non-CE marked products being allowed onto various EU member state markets, who is going to monitor compliance? TÜV-SÜD’s Bassil Akra calls for cooperation to avoid unsafe products being used on patients.
Indian drug makers appear confident of meeting both domestic and global requirements for hydroxychloroquine sulphate after India relaxed export curbs on the product, subject to strict monitoring, against the backdrop of requests from global heads of government for supplies of the potential treatment for COVID-19.
CEO breaks down to Scrip how the Hong Kong-based company managed its way through the coronavirus outbreak in China, saying improvisation was critical.