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May 30, 2008

Vol. 2 No. 22

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Medtronic’s Defibrillator Operations Placed Under Consent Decree

Medtronic may continue to ship some LifePak external defibrillators for emergency use under a consent decree it agreed to with the FDA for its troubled Physio-Control division, which manufactures defibrillators in Redmond, Wash. Read More

Recalls Prompt FDA Inspection, Production Shutdown

Quality issues at Zimmer Holdings’ surgical support accessories plant in Dover, Ohio, has forced the company to halt production at the site, costing an estimated $70 million to $80 million in lost revenue for 2008. Read More

Stryker’s Quality Control Effort to Cost Millions

As Stryker’s hip implant franchise took a $15 million to $20 million hit last quarter due to a recall and temporary production stoppage of its implantable hip cups, the company is spending millions of dollars instituting a corporatewide quality control program to resolve two FDA warning letters. Read More

Drug Companies Threaten to Stop Production

Over 650 drugmakers have asked the government to immediately increase the prices of 33 bulk drugs, failing which companies will have to stop manufacturing several medicines within a month or two. Read More

Iranian Factory Fire Kills 30

Thirty people died in a fire that engulfed a pharmaceutical plant in central Iran when a container of inflammable products exploded. Read More

Belarus Firm Installs ‘Bottlepack’ Production Line

Nisvizh Pharmaceutical Plant, a government-backed pharmaceutical firm in Belarus, has introduced plastics packaging for its injectable products using a national form-fill-seal technology. Read More

MRI Medical Sheds 117 Jobs Since December

Tucson-based MRI Medical Manufacturing and Research Inc. has cut its staff nearly in half in the past six months, a trend that the company blames on a slowing economy. Read More

DSM Completes Acquisition of PTG

Royal DSM., the global Life Sciences and Materials Sciences company headquartered in the Netherlands … has closed the acquisition of The Polymer Technology Group, Inc. of Berkeley, a market leader in the field of biomedical polymers. Read More

Temporary Layoffs for Cork Pharmaceutical Plant

Pharmaceutical company Corden PharmaChem in Little Island announced temporary lay-offs, combined with reduced working hours for 61 of its 105 employees. The move was in response to an explosion at the plant last month, which left one man dead. Read More