Guidant had an idea to develop an implantable cardiac defibrillator that captured the world by storm, but ended up in a nasty recall of 7 models of their medical product.<\/p>\n
Guidant, who is now under the wing of Boston Scientific, took off like a rocket when they first brought out their implantable cardiac defibrillators. When they started to fail and the products were recalled, the company took a nose dive in public confidence, not to mention it became the target of widespread lawsuits for marketing defective medical products.<\/p>\n
Guidant began life as a small company in 1972 and was successful enough that Eli Lilly bought them out in 1978. Their specialty was finely crafted cardiac defibrillators, and they continued making them without a problem until 2005 when there were 26 reported cases of their product failing. Rumors abounded that the company had known about the problem prior to 2005 yet did nothing about (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Guidant had an idea to develop an implantable cardiac defibrillator that captured the world by storm, but ended up in a nasty recall of 7 models of their medical product. Guidant, who is now under the wing of Boston Scientific,…<\/span><\/p>\n