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Surgeons cash in on stakes in private medical device companies

Several orthopedic surgeons who invested in Renovis Surgical Technologies made big money when a Japanese technology giant snatched up the small California medical device company.

Device Makers Have Funneled Billions to Orthopedic Surgeons Who Use Their Products

Device Makers Have Funneled Billions to Orthopedic Surgeons Who Use Their Products While fines for violating anti-kickback laws reach into the millions, profitable device makers may see that as the cost of doing business, says prof Dr. Kingsley R. Chin was little more than a decade out of Harvard Medical School when the sales of his spine surgical implants took off. Chin has patented more than 40 pieces of such hardware, including doughnut-shaped plastic cages, titanium screws, and other products used to repair spines generating $100 million for his company, SpineFrontier, according to government officials. Yet SpineFrontier’s success arose not from the quality of its goods, these officials say, but because it paid kickbacks to surgeons who agreed to implant the highly profitable devices into hundreds of patients.

Device makers have funneled billions to orthopedic surgeons who use their products

Who can't see problems in medical device makers paying surgeons billions? | Patrick Malone & Associates P.C. | DC Injury Lawyers

Device Makers Have Funneled Billions to Orthopedic Surgeons Who Use Their Products