Stryker To Pay $7.8M In Overseas Fraud Case

Device company Stryker has agreed to pay $7.8m and to hire a consultant to examine its record-keeping procedures in a settlement of SEC allegations that the company’s subsidiaries in India, China and Kuwait violated the Foreign Corrupt Practices Act.

Scales_140867215_1200.jpg
• Source: Shutterstock

Stryker Corp. has agreed to pay the US Securities and Exchange Commission $7.8m to resolve allegations the company had violated the Foreign Corrupt Practices Act.

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Medtech Insight for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Legal & IP

More from Policy & Regulation

Former FDA Head Tells Heart Society To ‘Get Involved’ To Protect Health Innovation

 
• By 

Former FDA Commissioner Robert Califf urged the Heart Rhythm Society to engage actively amid federal funding cuts. He highlighted collaboration among researchers, advocates for healthcare integration, and the importance of addressing social determinants of health, while discussing lobbying strategies and the challenges faced by medtech companies.

Q’Apel Medical Recalls, Discontinues Stroke Therapy System After FDA Warning Letter, Class I Designation

 

Q’Apel Medical has pulled its aspiration system for stroke thrombectomy from the market after concerns raised by the US FDA in a February warning letter.

‘The FDA Will Be Looking For Avenues To Regulate Laboratory Developed Tests’

 

The FDA's final LDT ruling was struck down in federal court last month. For now, diagnostic companies can commercialize under CLIA regulations or apply for FDA approval. McDermott and Tribun Health have shared insights on the risks, pros and cons of both regulatory routes.