M
M&M
Hi, I thought I would let those who have a Guidant ICD see this article that I saw posted on the Zapper website:
Guidant recalls some ICDs after failures, deaths
17 Jun 2005 21:44:19 GMT
Source: Reuters
(Adds physician and trader comment, after-hours quotes.)
By Debra Sherman
CHICAGO, June 17 (Reuters) - Guidant Corp. <GDT.N> said on Friday that two reported deaths have been linked to some of its implantable heart defibrillators and it is recalling those and other similar models from the market.
The cardiovascular device company, which agreed to be acquired by Johnson & Johnson <JNJ.N>, said there have been 15 failure reports and one death linked to its popular Contak implantable heart defibrillator and 28 failure reports and one death tied to its Ventak defibrillator.
Shares of Guidant fell in after-hours trading, a decline some traders attributed to concern that J&J's $25.4 billion deal might be in danger.
After the close of trading on Friday, J&J issued a press release saying it continues to work toward closing the deal in the third-quarter. Representatives for the company were not immediately available to comment and Guidant declined to comment further.
Stop-watch-size implantable heart defibrillators, used to shock irregular heartbeats back to normal rhythms, can develop an internal short circuit without warning, resulting in failure to deliver the shock when needed, the U.S. Food and Drug Administration said in a news release.
The agency said it will classify the problems with the Guidant devices as recalls. It did not make a recommendation on whether individual patients who have one of the devices should have it removed or replaced.
The Guidant devices include Ventak Prizm 2 DR, manufactured on or before April 16, 2002; Contak Renewal and Contak Renewal 2 CRT-Ds, manufactured on or before Aug. 26, 2004; Ventak Prizm AVT; Vitality AVT; and Renewal 2 AVT and Renewal 4 AVT ICDs.
In a letter to doctors dated May 23, Guidant had warned that a line of its ICDs contains a flaw that has caused a small number of them to malfunction, but it did not recommend the products be replaced.
The company recommended that patients with the devices continue normal follow-up visits at three-month intervals.
Anne Curtis, an electrophysiologist and president of the Heart Rhythm Society, said checking patients at least every three months would be prudent.
"You have to weigh the possible complications and risks ... when you recommend wholesale replacements of the devices," she said.
Characterizing the events leading to the recall as "serious matters," J&J said in its statement that it was engaged in discussions with Guidant to help it "understand the issues."
"People read that (statement) as an indication that (J&J) is trying to distance themselves from Guidant," said one arbitrageur, who asked not to be named.
Guidant shares fell to $70.90, their lowest level in more than five months, on the Inet electronic brokerage system, from a close of $72.46 on the New York Stock Exchange. J&J shares closed 26 cents higher on the NYSE at $66.56.
I just thought I would share this information..
If you want more articles - www.zaplife.org - and go to the BBS forum there are lots of articles. Since the FDA has made a new ruling on this today.
I have the device in question Ventak Prism - I've been keeping a close eye on this and trying to decide if I should get it replaced or wait till my battery goes dead - and since the news just broke this afternoon I thought perhaps there might be others out there with this brand and 'type' of device that are on the recall list. If your not sure and you have a Guidant ICD - you can call Guidant and ask. Or call your doctor and make them aware. My doc - said he haven't even heard the news - and then he said: Marilyn you certainly stay right on top of things. He'll check it out and get back to me - isn't that NICE.. I saw him just yesterday and I 'was' going to wait and get a Medtronic when my Guidant battery died - but with an FDA recall - I think I may just take another Guidant and I may risk my chances with surgery...
Take Care
Marilyn (runner)
Guidant recalls some ICDs after failures, deaths
17 Jun 2005 21:44:19 GMT
Source: Reuters
(Adds physician and trader comment, after-hours quotes.)
By Debra Sherman
CHICAGO, June 17 (Reuters) - Guidant Corp. <GDT.N> said on Friday that two reported deaths have been linked to some of its implantable heart defibrillators and it is recalling those and other similar models from the market.
The cardiovascular device company, which agreed to be acquired by Johnson & Johnson <JNJ.N>, said there have been 15 failure reports and one death linked to its popular Contak implantable heart defibrillator and 28 failure reports and one death tied to its Ventak defibrillator.
Shares of Guidant fell in after-hours trading, a decline some traders attributed to concern that J&J's $25.4 billion deal might be in danger.
After the close of trading on Friday, J&J issued a press release saying it continues to work toward closing the deal in the third-quarter. Representatives for the company were not immediately available to comment and Guidant declined to comment further.
Stop-watch-size implantable heart defibrillators, used to shock irregular heartbeats back to normal rhythms, can develop an internal short circuit without warning, resulting in failure to deliver the shock when needed, the U.S. Food and Drug Administration said in a news release.
The agency said it will classify the problems with the Guidant devices as recalls. It did not make a recommendation on whether individual patients who have one of the devices should have it removed or replaced.
The Guidant devices include Ventak Prizm 2 DR, manufactured on or before April 16, 2002; Contak Renewal and Contak Renewal 2 CRT-Ds, manufactured on or before Aug. 26, 2004; Ventak Prizm AVT; Vitality AVT; and Renewal 2 AVT and Renewal 4 AVT ICDs.
In a letter to doctors dated May 23, Guidant had warned that a line of its ICDs contains a flaw that has caused a small number of them to malfunction, but it did not recommend the products be replaced.
The company recommended that patients with the devices continue normal follow-up visits at three-month intervals.
Anne Curtis, an electrophysiologist and president of the Heart Rhythm Society, said checking patients at least every three months would be prudent.
"You have to weigh the possible complications and risks ... when you recommend wholesale replacements of the devices," she said.
Characterizing the events leading to the recall as "serious matters," J&J said in its statement that it was engaged in discussions with Guidant to help it "understand the issues."
"People read that (statement) as an indication that (J&J) is trying to distance themselves from Guidant," said one arbitrageur, who asked not to be named.
Guidant shares fell to $70.90, their lowest level in more than five months, on the Inet electronic brokerage system, from a close of $72.46 on the New York Stock Exchange. J&J shares closed 26 cents higher on the NYSE at $66.56.
I just thought I would share this information..
If you want more articles - www.zaplife.org - and go to the BBS forum there are lots of articles. Since the FDA has made a new ruling on this today.
I have the device in question Ventak Prism - I've been keeping a close eye on this and trying to decide if I should get it replaced or wait till my battery goes dead - and since the news just broke this afternoon I thought perhaps there might be others out there with this brand and 'type' of device that are on the recall list. If your not sure and you have a Guidant ICD - you can call Guidant and ask. Or call your doctor and make them aware. My doc - said he haven't even heard the news - and then he said: Marilyn you certainly stay right on top of things. He'll check it out and get back to me - isn't that NICE.. I saw him just yesterday and I 'was' going to wait and get a Medtronic when my Guidant battery died - but with an FDA recall - I think I may just take another Guidant and I may risk my chances with surgery...
Take Care
Marilyn (runner)