Exactech Knee Recall: What to Check
Exactech filed Chapter 11 in the US Bankruptcy Court for the District of Delaware (Oct 30, 2024), citing product-liability claims from ~2,600 patients over its recalled knee/hip/ankle implants; recalls and litigation had cost ~$20 million over the prior 12 months.
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By People's Justice
What happened
Exactech filed Chapter 11 in the US Bankruptcy Court for the District of Delaware (Oct 30, 2024), citing product-liability claims from ~2,600 patients over its recalled knee/hip/ankle implants; recalls and litigation had cost ~$20 million over the prior 12 months. Existing investors provided $85 million in funding and served as stalking-horse bidder for substantially all assets. The filing stayed MDL 3044 litigation against the company.
Event date:
Source: medtechdive.com