TVM LawSuit

New report about Transvaginal Mesh Lawsuit updates.

In transvaginal mesh trial judge orders Boston Scientific to pay $100M | Transvaginal Mesh... In transvaginal mesh trial judge orders Boston Scientific to pay $100M A Delaware jury on Thursday ordered Boston Scientific to pay $100 million to a woman who said she was injured by transvaginal mesh, a device that is the subject of more than 25,000 lawsuits against the company. Jurors awarded Deb…

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Boston Scientific Financial Costs of Pelvic Mesh Lawsuits
(Reuters) – Boston Scientific Corp cut its full-year profit forecast for the second time in the face of rising litigation costs linked to problems with its implantable device used to treat feminine stress urinary incontinence.

The company is fighting thousands of lawsuits related to injuries caused by the transvaginal mesh device.

A Delaware jury last month ordered Boston Scientific to pay $100 million to a woman injured by the mesh, the largest-ever verdict against the company.

The medical device maker, which reached its first settlement in April, said then that it expected to pay about $119 million to resolve 2,970 cases.

Boston Scientific cut its profit forecast by 4 cents to 28-34 cents per share on Thursday, but maintained its adjusted profit forecast. In April, it cut its profit forecast by 10 cents per share.

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