Spinal Tech

Stryker Offers $33M to Settle DOJ Claims About Knee Device

Device giant Stryker has offered to pay $33 million to settle accusations by the U.S. Department of Justice regarding its knee device OtisKnee, according to a Chicago Tribune report.

Jaimie Oh

Wednesday, June 6th, 2012

In 2010, Stryker received subpoenas from the U.S. Department of Justice regarding the OtisKnee. The subpoena filed with the Securities and Exchange Commission regarded regulatory matters related to the sales and marketing of the devices.

The OtisKnee device was manufactured by OtisMed, which Stryker acquired in 2009. The federal government has yet to accept the offer.

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