Here are five key takeaways from the article:
1. Medtronic PLC paid more than $1 million to eight physicians across the country.
2. Medtronic PLC and St. Jude Medical paid physicians $81 million all together.
3. In total, physicians and hospitals received $211 million from Minnesota medical device companies.
4. More than 600,000 physicians and 1,100 hospitals accepted payments last year; the payments totaled $6.49 billion covering consulting, gifts and honoraria, royalties, stock dividends, travel and dining.
5. Last month, the University of Minnesota banned most types of payments after criticisms that payments create financial incentives and conflicts of interest for research programs.
More articles on orthopedic devices:
DePuy Synthes invests $60M in expanded manufacturing plant in Ireland: 4 things to know
15 things to know about Zimmer Biomet
K2M CFO Gregory Cole sells 38k shares
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