- Contact the FDA, or other regulatory bodies. - Contact the customers. They'll likely have standing to sue (they were sold a defective product). - Class-action attorneys may be interested for this reason. - Did you know you can pay a very, very modest amount of money to file a press release saying anything you want? - Contact some investors. Short sellers will have a vested interest in making sure the information ge…
I believe this comes closest to the proper answer. Eventually, we need technology literate courts, and a law that criminalizes failure to fix disclosed vulnerabilities. Until that day, the process you describe best achieves the same result.
(Speaking from the perspective of an IT guy at an electronics manufacturing company who is well versed in CFR 11 and medical validation.)