Spectranetics Is Target of Federal Probe

Spectranetics was named one of MD&DI's 50 Companies to Watch in 2006. Apparently the federal government was watching them, too. The cardiovascular device maker said its Colorado Springs, CO offices were searched by FDA and U.S. Immigration and Customs Enforcement, Reuters reports.

September 5, 2008

1 Min Read
Spectranetics Is Target of Federal Probe

The investigation concerns the sales and marketing practices related to certain products, as well as payments made to medical personnel who took part in the firm's clinical studies. The feds are also seeking information on two postmarket studies conducted from 2002 to 2005 and payments made to personnel in connection with those studies, as well as on compensation packages for certain company employees.Spectranetics says it is cooperating with the investigation, and does not expect business to be disrupted.

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