Wednesday, January 12, 2011

Guidant Case: Judge to Decide Criminal Plea

:Original raster version: :Image:Food and Drug...Image via WikipediaIn an agreement reached with the U.S. Department of Justice last year, Guidant (now part of Boston Scientific Corp.) pleaded guilty to two federal criminal charges related to the recall, including making false statements to the Food and Drug Administration (FDA) about the devices' safety.

The company, which employs about 5,000 Minnesotans, also agreed to pay a $296 million fine. It would have been the largest criminal penalty ever levied in medical technology for violating federal laws.

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