Fifty-three people who worked in an Atlanta-area warehouse that stored medical devices sterilized by ethylene oxide (EtO) filed suit this week against Sterigenics and its parent company over exposure to the gas. The plaintiffs or their families claim that long-term EtO exposure to the sterilized devices, which they unloaded, handled, warehoused and distributed, caused multiple deaths, cancer, […]
Report: U.S. may shield medical device makers from antitrust rules amid pandemic
U.S. officials are reportedly set to invoke a law that would protect companies from antitrust regulations to keep medical supplies available during the COVID-19 pandemic. The Associated Press reported that the government began formal discussions with private industry representatives yesterday, the subject of those discussions centering around a five-year agreement that would ensure supplies of […]
Theranos’ Balwani seeks trial delay, Holmes objects to new charges
Former Theranos president Sunny Balwani has asked a federal judge to postpone his trial on fraud charges until April 2021 and to allow him to renew his passport so he may visit his sick mother in India. Federal prosecutors agreed to the trial postponement, according to a court filing. No indication was given of their […]
Report: PerkinElmer under investigation for Medicare fraud
PerkinElmer (NYSE:PKI) is under federal scrutiny for alleged involvement in a scam to bill Medicare for tens of thousands of unnecessary genetic cancer tests, according to a report by Reuters. The news agency cited three unidentified sources and government documents linking the Waltham, Mass.-based diagnostic and scientific instrument company to the probe. PerkinElmer acknowledged that it has […]
Report: 3M settles respirator price-gouging case
3M (NYSE:MMM) has settled one of several price-gouging lawsuits it filed recently over its N95 respirators, according to a report by Law360. The lawsuit, filed April 30 in federal court in Tallahassee, Fla., had accused Atlanta, Ga.-based 1 Ignite Capital LLC, Institutional Financial Sales LLC, and Auta Lopes of attempting to sell 10 million N95 respirators […]
3M files 5 more price-gouging lawsuits
3M (NYSE:MMM) this week sued 5 vendors who allegedly offered billions of nonexistent N95 respirators to emergency officials in 3 states. One of the defendants claimed to have up to 5 billion respirators, the company said. None of the defendants is connected to 3M, nor had access to the respirators they tried to sell officials in […]
5 strategies to prevent medtech IP theft
Even as they rapidly innovate to fight the coronavirus pandemic, medtech companies need to stop IP theft. Here are the basics. David J. Dykeman, Greenberg Traurig Medtech companies are at the forefront of innovation, and that has never been more evident than in the industry’s response to COVID-19. The healthcare research and development (R&D) engine […]
3M wins TRO in respirator price-gouging case
3M (NYSE:MMM) won a temporary restraining order Friday against a New Jersey company it accused of trying to sell the company’s N95 respirators at inflated prices. The Maplewood, Minn.-based corporation sued Performance Supply in federal court earlier this month, accusing the New Jersey–based company of misrepresenting a business relationship as it tried to charge New York […]
Theranos founder Elizabeth Holmes’ trial date pushed back amid coronavirus
Ex-Theranos CEO Elizabeth Holmes will see her federal court trial over fraud charges start on Oct. 27, instead of July 28, amid coronavirus pandemic worries — as well as prosecutors’ desire to add more charges against her. “We’re in unchartered waters and unchartered territories,” U.S. District Judge Edward Davila said yesterday during a trial status […]
3M sues Florida company for alleged mask price-gouging
3M (NYSE:MMM) has sued a Florida company for allegedly trying to sell tens of millions of the company’s N95 respirators to the federal government at inflated prices. The lawsuit filed in the U.S. District Court for the Northern District of Florida alleges that Orlando-based Geftico LLC twice attempted to fraudulently sell the “likely nonexistent” respirators at […]
3M sues NJ company, claims it tried to sell N95 masks at six times usual price
3M (NYSE:MMM) is suing Performance Supply in federal court, accusing the New Jersey–based company of misrepresenting a business relationship as it sought to price gouge New York City on N95 respirators. Maplewood, Minn.–based 3M claims that Performance Supply was pricing N95 respirators to New York City officials at prices 500-600% over the 3M listed price in […]
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