spacer
The Healthcare Sales & Marketing Network celebrates 28 years serving the medical sales & marketing community.Connecting Medical Sales Reps with MedTech/BioPharma Recruiters and Independent Reps with and New Product LinesConnecting Medical Sales Reps with MedTech/BioPharma Recruiters and Independent Reps with and New Product Lines

Healthcare Industry News:  Pacemaker 

Devices Cardiology

 News Release - December 13, 2011

Medtronic Reaches Settlement with United States Department of Justice

MINNEAPOLIS--(Healthcare Sales & Marketing Network)-- Medtronic, Inc. (NYSE: MDT ) today announced that the Company has reached a settlement agreement with the United States Department of Justice (DOJ) regarding a previously disclosed industry-wide review of post-market clinical trials and device registries. Under this settlement, the Company will make a payment of $23.5 million to resolve the DOJ’s investigation of four post-market studies. Medtronic makes no admission that any studies were improper or unlawful. Medtronic established a reserve for the full anticipated payment in the fourth quarter of fiscal year 2011.

“Medtronic is happy to have this investigation behind us, so we can continue designing and executing clinical trials that generate evidence to improve patient care, outcomes, and cost effectiveness,” said Marshall Stanton, M.D., vice president of clinical research and reimbursement for the Cardiac and Vascular Group at Medtronic.

About Medtronic

Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health, and extending life for millions of people around the world.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic’s periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

Source: Medtronic

Issuer of this News Release is solely responsible for its content.
Please address inquiries directly to the issuing company.

Search: Medtronic 
Search: pacemaker 
Search: defibrillator 

 Related News Items

Medtronic Announces Strategic Investments to Support Future Expansion of Cardiac Ablation Portfolio as Physician Demand for Affera(TM) Technologies Broadens

Medtronic Announces CE Mark for Stealth AXiS(TM) Surgical System

Medtronic Completes Acquisition of CathWorks, Expanding its Leadership in Transforming Care for Patients with Cardiovascular Disease

Healthcare Industry NewsFeed  


FindReps - screen and connect with rep candidates anonymously, in real time.

FindReps: Screen and connect with Medical Sales Rep candidates (Direct Reps and Independents) – anonymously, in real time.


RepJobs - Job Opportunities for Direct Sales Reps and New Product Lines for Independents!

RepJobs: Job Opportunities for Direct Sales Reps and New Product Lines for Independents!