Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This latest feature of MassDevice.com’s coverage highlights our three biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
If you read nothing else today, make sure you’re still in the know with MassDevice +3.
Maryland cardiologist Dr. John McLean, charged with implanting unnecessary stents in order to defraud Medicare and Medicaid, is slapped with 8 years in jail and must pay nearly $600,000 in restitution.
Shares of Olympus Corp. (TYO:7733) regained some of the 78 percent of its value lost since new broke of its scheme to hide losses, even as a major institutional investor says it bailed at the first hint of scandal and a retired executive mounts a campaign to reinstate fired CEO Michael Woodford – who was ousted after exposing the first crack in the cover-up.
Stryker Corp. (NYSE:SYK) filed a trio of lawsuits against rivals Wright Medical Group (NSDQ:WMGI), Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics and Zimmer Holdings (NYSE:ZMH), accusing them of trespassing on its patent for a hip implant component.