BSX Pays $22M in DOJ Settlement

12/24/09

Boston Scientific (NYSE:BSX) said yesterday that it has agreed to pay $22 million in a settlement related to a U.S. Department of Justice investigation of surveys conducted by the Natick, MA-based medical device firm’s subsidiary, Guidant. The company admitted no wrongdoing in the settlement. Reuters reported that the DOJ was investigating Guidant for paying doctors between $1,000 and $1,500 to use the firm’s heart implants and to increase sales of the products.

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