St. Jude Medical to pay $27 mln to settle allegations over heart devices

WASHINGTON, July 8 (Reuters) – St. Jude Medical, which was acquired by Abbott Laboratories (ABT.N) in 2017, has agreed to pay $27 million to settle allegations it knowingly sold defective heart devices, the U.S. Justice Department said on Thursday.

File photo: The seal of the United States Department of Justice is seen on the building exterior of the United States Attorney’s Office of the Southern District of New York in Manhattan, New York City. REUTERS/Andrew Kelly

It said St. Jude allegedly failed to disclose serious adverse health events in connection with premature battery depletion in certain models of its implantable defibrillators that were sold between November 2014 and October 2016.

“This relates to a matter that took place prior to Abbott’s acquisition of St. Jude Medical,” Abbott said in a statement.

Reporting by Eric Beech in Washington; editing by Diane Craft Editing by Mohammad Zargham and Matthew Lewis

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