Australian Device Maker Admits Error In Seeking Doctor Loans
This article was originally published in PharmAsia News
Executive Summary
Australia's OR Medical, a maker of medical devices, acknowledged it had entered a secret financial arrangement with three Melbourne physicians. Director Michael Dietrich said the arrangement involving a loan of nearly U.S. $58,000 from the three doctors who worked in a spinal clinic was wrong. He also acknowledged his firm asked the doctors to guarantee another U.S. $260,000 loan to OR Medical. The firm supplies surgically implanted devices to the clinic to ease back pain. The acknowledgements came a week after a newspaper revealed the ties. (Click here for more
You may also be interested in...
Biogen Sees Improving Momentum In Slow Leqembi Launch
Sales of the company’s new drugs have a lot of growing to do to make up for older products’ declines, but Biogen highlighted signs of strength for new launches in its Q1 report.
Vivalink Partners With Rett Syndrome Research Trust To Accelerate Research In Rare Disease
Vivalink will provide ECG wearable technology to monitor patients in RSRT’s Vibrant study, which is aimed at assessing autonomic dysfunction in children with Rett syndrome.
Cidara Offloads Rezzayo, Will Focus On Universal Flu Preventative
Cidara conferred global rights to its novel antifungal to marketing partner, Mundipharma, while reacquiring a flu prophylaxis it licensed to J&J in 2021 and gaining $240m in new funding to back development.