Friday, March 25, 2011

Terumo unit to pay the feds $35 million (FDA compliance issues)

FierceMedicalDevice is reporting that "a U.S. unit of Tokyo-based Terumo has agreed to the terms of a consent decree with the FDA regarding quality system improvements at an Ann Arbor, MI facility. Terumo Cardiovascular Systems also has agreed to pay the federal government $35 million in disgorgement of profits from past sales." 

Click here for the FDA press release.

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