Medical company’s former CEO indicted for wire and health care fraud over fake implanted device

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The Justice Department announced Thursday an indictment of the former CEO of medical device company Stimwave on one count of conspiracy to commit wire fraud and one count of health care fraud.

Stimwave, founded by former CEO Laura Perryman in 2010, produced a set of implants starting in 2017 meant to use electrical currents near the spine as a nonopioid treatment for chronic pain.

The receiver, referred to as the pink stylet in court documents, was too long to implant in some patients and could not be cut down to size because it would have interfered with the device’s ability to transmit power. The plastic receiver, referred to as the white stylet in court documents, could be cut to size by doctors. This was possible because the white stylet had no copper and therefore no electrical conductivity to be impeded by paring down the receiver in the first place.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in BUSİNESS

Business Business Latest News, Business Business Headlines