
Report: Valeant's hostile takeover hopes fade as Allergan war continues
August 6, 2014 by Arezu Sarvestani

The Medical Device Business Journal — Medical Device News & Articles | MassDevice
A handful of Democrats in Congress are hoping to curb a corporate exodus by threatening to withhold federal contracts from firms that shift their headquarters overseas to benefit from lower tax rates.
Senator Angus King (I-Maine) has a new bill on the floor that he says will correct a fundamental imbalance in the medtech market, namely by imposing more pricing transparency on medical device makers.
A bill aiming to repeal the medical device tax sponsored by Sen. Orrin Hatch (R-Utah) is before the Senate Finance Committee.
The bill was read in and sent to the finance panel Feb. 7, 2013. It would strike all references to the 2.3% excise tax on medical devices enacted as part of the Affordable Care Act from the federal tax code.*
President Barack Obama is slated next month to make a visit to one of the medical device industry’s primary hubs in Minnesota, and medtech advocates are hoping to use the occasion to emphasize efforts to repeal a 2.3% sales tax that hit the industry last year.
This week marks Sen. Max Baucus’ (D-Mont.) last in the Senate as he embarks on a new role as U.S. ambassador to China, which may be good news for opponents of the medical device tax.
by Marshall Allen, ProPublica
An influential senator is demanding copies of contracts and conflict-of-interest policies from the National Quality Forum after allegations that kickbacks were paid to influence its patient safety guidelines.
The Affordable Care Act is poised to lose one of its greatest House of Representatives allies with the retirement of Rep. Henry Waxman (D-Calif.), announced this week.