Search This Blog

Wednesday, March 12, 2025

Over 1.2 m medical device side-effect reports not submitted within legal timeframe

 More than 1.2 million medical device adverse event reports were not submitted to the US Food and Drug Administration (FDA) within the deadline set by federal regulations, finds an analysis of recent data published by The BMJ.

Of these late reports, more than 400,000 were submitted more than six months after the manufacturer was notified of an adverse event.

The researchers warn that late adverse event reporting may prevent early detection of patient safety concerns.

Most medical devices in the US are approved on the condition that manufacturers report to the FDA when they learn that any of their devices have malfunctioned or may have caused or contributed to a death or serious injury.

Under federal law, manufacturers must submit adverse event reports to the FDA's Manufacturer And User Facility Device Experience (MAUDE) database within 30 days of becoming aware of them.

However, MAUDE has known limitations, and some media reports have described manufacturers withholding reports from MAUDE years beyond this deadline.

To investigate this further, a team of US researchers analyzed manufacturer reports received by the FDA over the three-and-a-half-year period (1 September 2019 to 31 December 2022), measuring the difference between the date a manufacturer reported that they were notified of an event and the date the FDA received the report.

Of 4,432,548 included reports, 13,587 were of deaths, 1,552,268 of injuries, and 2,866,693 of malfunctions from 3,028 unique manufacturers and 88,448 unique devices.

Of the included reports, 71% (3,146,957) of adverse events were reported within 30 days (on time), 4.5% (197,606) were reported between 31 and 180 days (late), and 9.1% (402,891) were after 180 days (late).

A total of 1,004 deaths were reported late, as were 198,051 injuries and 401,442 malfunctions.

More than 50% of late reports were attributable to three manufacturers and 13 medical devices. Many of the devices with large numbers of late reports were crucial to , including infusion pumps and glucose monitors.

Almost one in six (685,094) reports had missing or invalid date data provided by the . Among reports with no missing or invalid report times, higher risk devices had higher percentages of late reports: 22.4% for class III (high risk) devices vs. 6.9% for class I (low risk) devices.

The researchers point to some limitations including possible misreporting of dates by manufacturers, being unable to identify harms caused by late reporting, or determine why manufacturers report late and their underlying motivations for doing so.

However, they stress that late reporting is not permitted under existing regulations, meaning greater policy attention is warranted regardless of the cause.

"The findings from this study collectively show that while the MAUDE database often informs FDA safety actions, this data source is incomplete for understanding  safety issues due to late adverse event reporting from manufacturers," they write. "Besides impacting how , clinicians, and patients make medical decisions, this may affect future device development."

"This study adds to a growing body of literature on the important limits of passive surveillance, not only for medical devices but also for pharmaceuticals and other products regulated by the FDA," say researchers in a linked editorial.

"The MAUDE database can be a useful adjunct to active surveillance efforts, particularly if some of the problems identified by this study are rectified," they write. "But ultimately, support for active surveillance using data from routine health encounters is essential to improving the safety of medical devices for patients."

More information: Late adverse event reporting from medical device manufacturers to the US Food and Drug Administration: cross sectional study, The BMJ (2025). DOI: 10.1136/bmj-2025-081518


https://medicalxpress.com/news/2025-03-million-medical-device-side-effect.html

Market Not Overvalued, No Recession Ahead: Wharton's Siegel

 Jeremy Siegel, finance professor emeritus at University of Pennsylvania Wharton School, says the balance sheets look great but the uncertainty around the Trump administration's tariffs is "not at all what the market wants." Speaking on "Bloomberg The Close," Siegel also says he does not expect a US recession.

Bloomberg videos, provided by MT Newswires

https://www.marketscreener.com/news/latest/Market-Not-Overvalued-No-Recession-Ahead-Wharton-s-Siegel-49317574/

KUDLOW: It's 'Russia, Russia, Russia' — but on the economy

 It's probably not a big surprise that the liberal-left mainstream legacy media are doing everything they can to paint a negative picture of President Donald Trump's economic policies.

Now, we've become accustomed to the political media going after Trump for years, with phony accusations and mistaken conclusions.

But now the fake news has spread to the economic and business media. And that's really a pity.

Reputable economists and economic journalists are ganging up on Trump, using tariffs as a stick to beat him over the head.

It's like the 'Russia, Russia, Russia' narrative has now come to economic coverage. And, remember, 'Russia Russia Russia' actually turned out to be one big hoax.

Well, now it's 'recession, recession, recession' — yet another hoax.

Tariffs are going to cause a recession. Tariffs are going to cause inflation. Tariffs are driving down the stock market.

'Russia, Russia, Russia' — that's what I'm reading.

People need a filter to get through all this craziness.

First of all, there is no recession.

In fact, Breitbart's John Carney points out that the labor market is actually stronger than economists thought, and factory jobs are coming back. The January JOLTS report shows 30,000 new manufacturing job openings, and 30,000 new manufacturing hiring. The quits rate has gone up. The S&P global manufacturing PMI has hit its best level since June of 2022. The February employment report was solid.

Some usually reputable economists were predicting a bulging February CPI report because of tariffs. But the tariffs haven't really kicked in yet. And the report itself was lighter than expected, with the lowest number in several months.

And corporate profits, the mother's milk of stocks and the lifeblood of the economy, are still rising.

Bond yields and mortgage rates are actually falling. So are oil prices.

Former Treasury Secretary Steven Mnuchin said that "people are overreacting to Trump policies" and he does not see signs of an imminent slowdown in the U.S. economy.

Let me quote my old friend. "I don't think we're going to have a recession. I don't think the outlook looks like we're going to have a recession," he told another network.

I think he's absolutely right.

Short-term stock corrections come and go. But Trump policies are profoundly pro-growth.

He aims to reprivatize the economy — with tax cuts, deregulation, energy production, and a reciprocal trade policy.

When those policies are fully in place, there's a strong potential for 3% growth or better, alongside reduced inflation.

And, regarding tariffs, let’s step back and see how this story turns out in the next six to twelve months.

It could well be that Mr. Trump, The Great Negotiator, will wind up with far more tariff reductions than increases.

And, anyway, his business and personal tax cuts are, frankly, far more important to our economic future.

https://www.foxbusiness.com/politics/larry-kudlow-its-russia-russia-russia-economy

German Government Reportedly Concealed Intel That Wuhan Lab Leak Was ’80 To 95%’ Likely

 The German government for years concealed an assessment by its Foreign Intelligence Service that a lab origin of COVID-19 was overwhelmingly likely, according to a Tuesday investigative report by two German newspapers.

The investigation, published jointly by Die Zeit and Sueddeutscher Zeitung, claims that German intelligence (BND) met in Berlin within weeks of the emergence of SARS-CoV-2 in early 2020 for a mission dubbed “Project Saaremaa” — named after an Estonian Baltic Sea island.

Agents working on “Project Saaremaa” successfully penetrated the lockdown on information by Chinese authorities and obtained unpublished data and documents from Wuhan, according to the newspapers. The news outlets report that this information was shared with the BND’s scientists. A team of BND scientists led by a virologist combined the secret intelligence with the public scientific literature coming out of Wuhan, including out of Shi Zhengli’s lab at the Wuhan Institute of Virology. Their final analysis, likely completed sometime in 2020, estimated the probability of a lab origin of the pandemic to be around 80 to 95% likely.

Unpublished theses concerning coronaviruses and their impact on the brain were central to the assessment, the newspapers reported. New findings may have emerged in the fall of 2021 to convince the BND further.

The investigation suggests the German intelligence may have informed the Central Intelligence Agency’s change in assessment in January. The CIA updated its public assessment from undecided to a lab origin with low confidence on January 25, 2025, after prompting by CIA Director John Ratcliffe, though the agency had privately updated its assessment earlier, according to the New York Times(RELATED: Another Government Agency Now Says COVID Likely Leaked From Lab: REPORT)

Ratcliffe has accused the CIA of being unduly swayed by politics on this question. Similarly, the newspapers report that the German government was intimidated by the possibility of seismic geopolitical reverberations if the BND assessment were made public.

The papers also allege that Chancellery Chief of Staff Wolfgang Schmidt was briefed by the president of the BND that they had assessed that COVID-19 originated in a lab. In May 2023, Schmidt approached Biden’s Director of National Intelligence Avril Haines, who downplayed the findings of U.S. intelligence agencies like the Department of Energy in favor of a lab origin, the newspapers allege.

The German government’s reluctance to make its assessment public may have been influenced by the public assurances of prominent virologists like Charité Center for Global Health Scientific Director Christian Drosten, dubbed in the press to be “Germany’s Anthony Fauci,” that the pandemic had a natural origin, according to the reports. Drosten was briefly involved in private discussions with National Institutes of Health Director Francis Collins, National Institute of Allergy and Infectious Diseases Director Anthony Fauci, and then-Wellcome Trust Director Jeremy Farrar about how to handle the speculation swirling about the Wuhan Institute of Virology, according to Slack messages and emails subpoenaed by the Select Subcommittee on the Coronavirus Pandemic.

Drosten, the CIA, the WHO, and the ODNI did not immediately respond to requests for comment.

Reassessing

The newspapers report that BND began revisiting the evidence alongside outside German scientists including Drosten in monthly sessions since December 2024. Prompted in part by the newspapers’ report, the BND is set to brief the World Health Organization.

The revelation follows news that outgoing National Security Advisor Jake Sullivan tasked the Office of the Director of National Intelligence with assembling a panel to take a renewed look at the pandemic’s origins in the 11th hour of the Biden administration.

In the United Kingdom, Parliamentary Under-Secretary of State at the Department of Health and Social Care Baroness Merron said in February in response to the CIA’s updated assessment that the government “will continually review our own assessment of the origins of the virus, considering any new intelligence.”

“We will update the House of Commons and the House of Lords as and when there is anything new to say,” she said.


https://dailycaller.com/2025/03/12/german-government-reportedly-concealed-intel-wuhan-lab-leak-80-95-percent-likely/

China, Russia, Iran To Hold Nuclear Talks In Beijing After Tehran Snubbed Trump Offer

 At a moment that Iran's stocks of uranium are coming very close to nuclear weapons-grade, and as the Trump White House has resumed its 'maximum pressure' policy on Iran, China is set to host a meeting in Beijing with Russia and Iran.

Friday's scheduled summit in Beijing will focus on the Iranian "nuclear issue" - according to a Chinese foreign ministry statement, involving both nations' deputy foreign ministers.

China's Vice Foreign Minister Ma Zhaoxu will chair the meeting, the statement described. Iran's foreign ministry spokesperson Esmail Baqaei confirmed that topping the agenda will be "developments related to the nuclear issue and the lifting of sanctions."

The UN atomic watchdog IAEA has recently warned that Tehran "dramatically" accelerating enrichment of uranium to up to 60% purity. The Iranians are within reach of achieving weapons-grade level of roughly 90% - if they desire to pursue it.

"China has said it supports Iran in safeguarding its legitimate rights and calling for an early resumption of the Iranian nuclear talks," Reuters has reported.

Late last week President Trump said he sent a formal letter to Iran's Supreme Leader urging the restart of fresh nuclear talks, which the Iranians have scoffed at. The letter is still said to be en route via the UAE ambassador - after Iran initially said it never received such a letter.

Iranian leaders have several times since last week explained that they can't trust any dialogue or deal with Washington after it pulled out of the Joint Comprehensive Plan of Action nuclear deal in 2018 (under the first Trump administration).

Meanwhile, China, Iran and Russia are growing more cooperative on the military front, having held the "Maritime Security Belt 2025" joint naval exercises in the Gulf of Oman near the Strait of Hormuz this week.

"For two days, the crews of the warships conducted both daytime and nighttime live-fire exercises, using heavy machine guns and small arms to engage targets simulating unmanned boats and aerial drones of a mock adversary," a Russian statement said.

But interestingly, Trump has recently floated the idea that Russia could mediate an updated Iran nuclear deal. Moscow appears to have expressed openness, but is unlikely to ever demand that Tehran give up its program.

The Iranians have long been insistent it is only for peaceful nuclear energy purposes, however. The Ayatollah chimed in again on this point Wednesday, issuing the following on X:

The Friday trilateral Beijing meeting will in a sense be a gathering of countries which are all sanctioned or are under US punitive measures in some way.

https://www.zerohedge.com/geopolitical/china-russia-iran-hold-nuclear-talks-beijing-after-tehran-snubbed-trump-offer

CERAWEEK-US oil executives to meet with Trump next week

 U.S. oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday.

Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an industry source told Reuters.

The API, which counts oil majors ExxonMobil and Chevron as members, helped put together the meeting.

"We appreciate the opportunity to discuss how American oil and natural gas is driving economic growth, strengthening our national security and supporting consumers with the President and his team," API spokesperson, Bethany Williams, told Reuters when asked about the meeting.

Trump is pursuing a trade war with allies Mexico and Canada that the API has publicly opposed. Trump has imposed tariffs on imported crude from Canada and Mexico but issued exemptions as long as producers can prove producers comply with the trade agreement between the three countries, the United States-Mexico-Canada Agreement.

Last month, in response to the tariffs, API CEO Mike Sommers said, "Energy markets are highly integrated, and free and fair trade across our borders is critical for delivering affordable, reliable energy to U.S. consumers."

Oil and gas interests donated some $75 million to Trump’s presidential campaign, the Republican National Committee and allied groups, according to data compiled by the OpenSecrets organization.

Billionaires Harold Hamm of Continental Resources, Kelcy Warren of Energy Transfer Partners and Jeffery Hildebrand of Hilcorp Energy Co are among the highest-profile oil and gas contributors to Trump. They and their spouses donated some $15 million to Trump's election efforts, data shows.

https://finance.yahoo.com/news/us-oil-executives-meet-trump-202727760.html

Bluejay Therapeutics Said to Weigh IPO as Soon as Next Month

 


Bluejay Therapeutics, a drug developer focused on serious viral and liver diseases, is considering a US initial public offering, according to people familiar with the matter.

The company could list as soon as next month, the people said, asking not to be identified because the information is confidential. Bluejay is working with JPMorgan Chase & Co.Jefferies Financial Group Inc. and Cantor Fitzgerald on the potential IPO, which could raise at least $150 million, they said.

https://www.bloomberg.com/news/articles/2025-03-12/biotech-bluejay-therapeutics-weighing-ipo-as-soon-as-next-month