Wednesday, July 19, 2006

MEDICAL DEVICE KICKBACK SETTLEMENT -- "Medtronic said it had agreed to pay the federal government $40 million to settle accusations that its spinal-implant division paid kickbacks to doctors to induce them to use its products. The DOJ said that from 1998 to 2003 the Minnesota-based medical device maker paid doctors kickbacks through 'sham consulting agreements, sham royalty agreements and lavish trips to desirable locations.'"