{"id":408,"date":"2011-06-23T15:53:19","date_gmt":"2011-06-23T21:53:19","guid":{"rendered":"http:\/\/chicagomedicalmalpracticeattorney-blog.lawblogger.net\/2011\/06\/23\/johnson_johnson_to_stop_manufa_1\/"},"modified":"2019-10-17T06:12:19","modified_gmt":"2019-10-17T11:12:19","slug":"johnson_johnson_to_stop_manufa_1","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/medical-malpractice-lawyer\/johnson_johnson_to_stop_manufa_1\/","title":{"rendered":"Johnson & Johnson to Stop Manufacturing Drug-Coated Heart Stents"},"content":{"rendered":"

Johnson & Johnson has announced that it will be dropping one of its medical devices<\/a> from production – by the end of 2011, the company will cease manufacturing its drug-coated heart stents. The company explains its decision was due its decreasing market share in the heart stent category; Johnson & Johnson is looking to funnel the newly freed funds into developing other medical products.<\/p>\n

Johnson & Johnson’s drug-coated heart stents were manufactured in conjunction with Cordis, its subsidiary. Cordis’s Cypher stent was the first drug-coated heart stent approved by the FDA. However, by the end of this year, it will no longer be manufactured. Likewise, Cordis will halt its research and development of a new stent, the Nevo stent.<\/p>\n

The sale of drug-coated heart stents represents a $4 billion market, which previously had been divided between Johnson & Johnson\/Cordis, Boston Scientific<\/a>, Medtronic<\/a>, and Abbott Laboratories<\/a>. However, Cordis’s portion of that market has been decreasing. In 2006, Cordis made $2.6 billion globally from the sale of drug-coated stents, whereas last year it only made $627 million.<\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Johnson & Johnson has announced that it will be dropping one of its medical devices from production – by the end of 2011, the company will cease manufacturing its drug-coated heart stents. The company explains its decision was due its decreasing market share in the heart stent category; Johnson & Johnson is looking to funnel […]<\/p>\n","protected":false},"author":795,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,22,16],"tags":[],"class_list":["post-408","post","type-post","status-publish","format-standard","hentry","category-medical-device-liability","category-pharmaceutical-errors","category-product-liability"],"yoast_head":"\nJohnson & Johnson to Stop Manufacturing Drug-Coated Heart Stents — Chicago Medical Malpractice Attorney Blog<\/title>\n<meta name=\"description\" content=\"Johnson & Johnson has announced that it will be dropping one of its medical devices from production - 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