Becker's Spine Review has reported on three spine medtech companies settling disputes and conflicts since July 5.
1. Reliance Medical Systems, its owners and two of its physician-owned distributorships will pay a $1 million settlement to settle allegations they violated the False Claims Act by paying spine surgeons to use Reliance devices. The spine company allegedly used the physician-owned distributorships as "vehicles for the payment of kickbacks" to entice spine surgeons to use Reliance devices.
2. Nevro Corp and Boston Scientific have reached an $85 million settlement in ongoing litigation over a spinal tech patent infringement. The litigation is related to high-frequency spinal cord stimulation technology for pain relief.
3. Surgalign reached a $2 million settlement with the Securities and Exchange Commission related to activities between 2015 and 2019. The settlement resolves an investigation that involved pulling sales forward from future quarters to address projected shortfalls in sales. Surgalign is also expected to receive $600,000 from former executives related to recouped compensation.