A federal appeals court has resuscitated part of a 2014 Heraeus Medical GmbH lawsuit that accuses Esschem, a chemical supplier to Zimmer Biomet (NYSE:ZBH), of stealing Heraeus’ bone cement recipe. The three-judge panel in Philadelphia said on Friday that Heraeus can pursue claims stemming from Esschem’s alleged use of Heraeus’ information within three years before […]
SEC clears Misonix in China FCPA probe
Misonix (NSDQ:MSON) said today that the U.S. Securities & Exchange Commission cleared it after a probe of self-reported possible Foreign Corrupt Practices Act violations in China. The case dates back to the fall of 2016, when then-chairman & CEO Michael McManus Jr. stepped down just before Misonix delayed its annual report due to “deficiencies” in its internal […]
BD sues NeuMoDx over patents for diagnostic device
Becton Dickinson (NYSE:BDX) and subsidiaries HandyLab and GeneOhm Sciences Canada have filed a lawsuit against diagnostics company NeuMoDx, claiming patent infringement. BD acquired small diagnostics company HandyLab (Ann Arbor, Mich.) in 2009 for $275 million. HandyLab was developing bench-top devices for fast and early detection of diseases, according to the complaint, filed in U.S. District […]
Report: Medical imaging giants thrive on bribery in China
Employees of G.E., Philips and Siemens have testified in court in China to bribing low-paid hospital officials to buy their companies’ medical devices, according to a report by the New York Times. Western medtech makers also agreed to deals involving third-party contractors who bribed hospital workers and sought kickbacks from hospitals, even after the contractors […]
MiMedx claims win in proxy war with ex-CEO
MiMedx (NSDQ:MDXG) today claimed an early win in its proxy war with the CEO it fired for cause last year, saying that shareholders elected its slate of directors to the board, including new chief executive Timothy Wright. Marietta, Ga.-based MiMedx makes regenerative and therapeutic biologics using human placental tissue allografts. The ouster last year of then-CEO […]
ACell to pay $15m to settle secret recall charges
ACell last week pleaded guilty to a charge that it failed to report a recall of its MicroMatrix wound dressing and settled charges that it violated the False Claims Act, agreeing to pay $15 million to put the matter to rest, the U.S. Justice Dept. said. Columbia, Md.-based ACell also agreed to abide by a […]
Report: N.J. and Texas law firms accused of charging excessive fees in pelvic mesh cases
Several law firms in New Jersey and Texas are accused of legal malpractice and charging excessive fees in transvaginal mesh cases, according to a report in the New Jersey Law Journal. The class action lawsuit, filed in Bergen County, N.J., claims that the Nagel Rice law firm (Roseland, N.J.) and the Potts Law Firm (Houston, […]
Male ex-employee gets go-ahead to sue Medtronic for gender bias
A federal judge in Birmingham, Alabama has denied Medtronic’s attempt to throw out a sex discrimination lawsuit filed by a male former employee. The employee, Joshua Boyd, began working at Medtronic (NYSE:MDT) in 2013. Boyd claims that despite earning the title of “top seller” of surgical equipment for Medtronic’s Midwest region, a new female manager […]
Plaintiffs appeal Ocular Therapeutix win in shareholder lawsuit
Ocular Therapeutix (NSDQ:OCUL) is facing a revived class-action lawsuit lodged by investors after its share price took a hit after it revealed problems with its Dextenza device. The lawsuit, filed in the U.S. District Court for Massachusetts in November 2017, alleged that the Bedford, Mass.-based company misled shareholders about problems found by FDA inspections in 2017 that sent […]
Report: SEC probes GE Healthcare, Philips, Siemens in Chinese bribery scheme
The U.S. Securities & Exchange Commission is reportedly investigating three of the world’s largest medical device makers for their alleged participation in a bribery scheme in China. The SEC probe involves Siemens (NYSE:SI), Royal Philips (NYSE:PHG) and GE Healthcare (NYSE:GE), which allegedly used local middlemen to bribe Chinese government and hospital officials to buy their medical equipment, Reuters reported, […]
Auris Health loses motion to move Intuitive Surgical patent suit from Del. to Cali.
Newly Johnson & Johnson acquired (NYSE:JNJ) Auris Health has lost a bid to move a patent infringement it faces from competitor Intuitive Surgical (NSDQ:ISRG) from Delaware to California. In the case, filed last August, Sunnyvale, Calif.-based Intuitive Surgical claims that Auris’ Monarch robotic surgical platform infringes on eight of Intuitive’s patents. Auris Health filed a motion looking […]
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