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News Briefs: DePuy ASR Settlement; Tandem Diabetes IPO; AtriCure Trial

DePuy settles bulk of U.S. ASR suits. Tandem Diabetes closes $138 million IPO. AtriCure gets go-ahead for new AtriClip stroke. More news.

Johnson & Johnson Medical Inc. subsidiary DePuy Orthopaedics Inc. has agreed to pay about $2.5 billion to settle the bulk of lawsuits from patients who needed revision surgery to replace the firm’s ASR hip system, which was recalled worldwide in 2010 due to high revision rates. The firm announced the settlement agreement, inked with a court-appointed committee of lawyers, Nov. 19, the same day that it was presented to a group of judges presiding over the multidistrict and multistate litigation.

The $2.5 billion is an estimate based on 8,000 patients participating in the settlement, although that number could change if more or less patients ultimately qualify. And at least 94...

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