US DOJ Settles With St. Jude, Alere, Avanos For Total Of $88M
The settlements resolve False Claims Act allegations against St. Jude and Alere, as well as misbranding allegations against Avanos Medical.
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Alere Medical and its now-defunct subsidiary Arriva Medical will pay the US government $160m to settle allegations that they violated the False Claims Act. It’s the second settlement that Alere has entered into with the Department of Justice in recent weeks.
Halyard Health plans to appeal the verdict, which stems from allegations the company and its former parent, Kimberly-Clark, fraudulently promoted surgical gowns as offering more protection than they really did.
St. Jude Medical has issued a warning about premature battery depletion issues in some ICDs, but says it has already fixed the problem. Analysts say it is not likely to have any impact on Abbott’s plans to acquire St. Jude by the end of 2016.