Group: Medical Device, Pharmaceutical Recalls Down Significantly
Posted 24 February 2012 | By
A recent study shows that both medical device and pharmaceutical recalls were down significantly over the fourth quarter of 2011, decreasing 63% and 35% respectively.
The study, conducted by Stericycle ExpertRECALL, found that medical devices only experienced 106 recalls in the fourth quarter of 2011. This was down 63% from the previous quarter and 57% from the previous year. Recalls primarily affected Class II medical devices, accounting for 93% of all device types and 99% of all recalled units.
The study also found that pharmaceutical product recalls were down from the prior quarter, but were higher than average. Recalls decreased 35% in the fourth quarter of 2011, but increased 36% over the fourth quarter of Q4 2010.
Ninety-seven pharmaceutical products representing 92 million units were recalled in Q4 2011. Broken down by risk:
- Class I - Dangerous Products - 11%
- Class II - Risky Products - 63%
- Class III - Defective/Mislabeled - 26%
Several products accounted for the majority of product recalls, including two that accounted for more than 10 million units each.
Read more: Stericycle Expert RECALL Quarterly Recall Index - Fourth Quarter 2011