Keyword: Department of Justice
Just shy of the one-year anniversary of a successful, $83 million venture capital round, uBiome has filed for Chapter 11 bankruptcy protection.
The FBI has launched its own probe into some of the world’s largest medtech companies, stemming from a Brazilian corruption case, Reuters reports.
The FBI raided uBiome’s offices as part of a snowballing investigation into its billing practices by law enforcement, state regulators and insurers.
A massive investigation into an international network of telemedicine firms, device makers and healthcare providers has resulted in 24 indictments.
The DOJ signed on to a whistleblower suit against one of Alere’s now-defunct subsidiaries over diabetic testing supplies and blood glucose readers.
Olympus pleaded guilty to not filing adverse event reports as required by the FDA for its duodenoscopes, agreeing to $85 million in fines and forfeiture.
Medtronic will pay nearly $51 million to settle claims against two of its acquisitions related to unapproved device promotions and alleged kickbacks.
The government alleges Alere continued to sell Triage devices in the years running up to a 2012 recall despite receiving reports of erroneous results.
Galena is engaging in “extensive interactions with numerous companies" seeking “strategic alternatives” that could include a merger, a reverse merger, asset sale, combo and/or a spinoff.
Charles River Laboratories has agreed to pay the U.S. government $1.8 million to settle allegations that it overbilled the NIH for contract services it didn’t provide.