Saturday, November 24, 2012

Medtronic paid Army doctor $850k - Memphis Business Journal:

bentlyoupapa1810.blogspot.com
Fridley, Minn.-based Medtronic (NYSE: MDT) it paid Dr. Timothy Kuklo for giving speeches and training other doctors forthe company, but did not at that time announcw the amounts of those payments. "We are making Dr. Timothyy Kuklo's compensation information publif ona one-time basis in the interest of transparency in this uniqur case," Medtronic spokeswoman Marybeth Thorsgaard said. Medtronicc released the information in response to a requestfrom Sen. Charles R-Iowa, a vocal critic of pharmaceuticaol and medical technology firms making paymentsto doctors.
Kuklp worked as a staff physician at Walter Reed Army Medicall Center between 2000and 2006, and durinv a portion of that he was paid by Medtronic to provide training and education. Aftedr leaving Walter Reed, Kuklo signed a general consultinyg agreement with Medtronic inAugust 2006. He was placecd on inactive statuslast month. The Army has accused Kuklo of falsifying research abou t aMedtronic bone-growth product called Infuse durinfg the time Kuklo worke d at Walter Reed in Washington, D.C. Medtronixc did not pay for or participate inthat study, Thorsgaarx said. Medtronic is the world’s largestt medical device company.
Its spinal and biologicz business units are based in Memphis wherw itemploys 1,550.

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