UPDATE 1-Medtronic units to pay $31 mln to resolve U.S. medical device probes [Reuters]
Medtronic plc. Ordinary Shares (MDT)
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am
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Source: Reuters
Medtronic units to pay $31 million to resolve U.S. medical device probes | Reuters 2 Min Read BOSTON (Reuters) - Two companies now owned by Medtronic Plc will pay $30.9 million to resolve claims they marketed a medical device meant to treat a vascular defect in the brain for unapproved purposes and paid kickbacks to hospitals to get them to use a second product. As part of the settlement announced by the U.S. Justice Department on Tuesday, ev3 Inc, a medical device manufacturer now owned by Medtronic, has agreed to plead guilty to a charge related to a neurovascular medical device. Federal prosecutors in Boston said the plea deal would resolve a misdemeanor charge related to ev3’s marketing of the Onyx Liquid Embolic System from 2005 to 2009 for unproven and potentially dangerous uses. The U.S. Food and Drug Administration in 2005 approved Onyx for limited use in blocking blood flow to arteriovenous malformations in the brain. But prosecutors said ev3’s sales staff sought to market it
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MDT
Earnings
- 2/20/24 - Miss
MDT
Sec Filings
- 4/9/24 - Form 4
- 3/7/24 - Form 4
- 2/27/24 - Form 10-Q
- MDT's page on the SEC website