Megadyne Group Risk Report

⚖️ Legal & Regulatory

Megadyne Group faces significant legal challenges primarily due to their electrodes. In recent years, the company has had several issues related to their medical devices, especially involving potential burn risks from their electrodes. As these legal challenges persist, they may have financial and reputational impacts on the company.

• A class-action lawsuit was initiated against Megadyne regarding electrode pads 🗓 September 7, 2024.
• The FDA classified the recall of Megadyne's electrosurgical tools as serious due to burn risks 🗓 January 9, 2024.
• Johnson & Johnson's Ethicon division, which includes Megadyne, limited the use of electrodes due to burn risks 🗓 July 12, 2024.
• The FDA notified healthcare providers about the safe use of Megadyne patient return electrodes following multiple reports of injury 🗓 August 21, 2024.

📜 Innovation & R&D

Despite the legal challenges, Megadyne Group continues to advance in innovation, maintaining its role in the market as a leader in the field. Their efforts in developing and improving products remain robust, as evident from their recent product initiatives and participation in industry expos.

• Megadyne introduced Megasync, an innovative rubber timing belt to the market 🗓 September 18, 2023.
• Megadyne launched a new roller belt aimed at logistics applications 🗓 March 18, 2024.