Posted on 11/19/2014 11:56:39 AM PST by Olog-hai
A medical-device company lost out on a hefty Minnesota subsidy on Wednesday after the firm and its leader were criminally charged.
The Department of Employment and Economic Development scrapped a potential $800,000 package tied to an expansion and hiring proposal put forth by Vascular Solutions. The decision came Wednesday, a day after The Associated Press reported the deal was cast into doubt by last week’s federal indictment. A hearing to consider approval of the Minnesota Job Creation Fund award had been set for Friday. […]
Vascular Solutions and CEO Howard Root were federally indicted last week on charges of conspiring to sell a varicose-vein treatment device for unapproved medical uses. Company officials have said they’ll fight the charges. …
(Excerpt) Read more at hosted.ap.org ...
FWIW, Root spoke out against Obamacare’s medical device tax...
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