Global Compliance: Nowhere Left to Hide
This article was originally published in RAJ Devices
Executive Summary
The heightened emphasis on global compliance in the medtech industry has reached such a fever pitch that compliance officers are now referring to themselves as the company’s “designated felon”. Joking aside, the issue has become one of the sector’s greatest concerns as companies struggle to understand whether they will be fined or sent to jail because they gave a pen to a doctor in Massachusetts or because they bought a $2 bagel during a surgeon’s training session but failed to disclose it, or because they made a donation to a charitable foundation in Poland that happened to be run by the director of the local hospital’s tender board.