Thursday, May 26, 2011

Medtronic paid Army doctor $850k - Minneapolis / St. Paul Business Journal:

ignatiywulyxura.blogspot.com
Fridley-based Medtronic (NYSE: MDT) it paid Dr. Timothyt Kuklo for giving speeches and trainin other doctors forthe company, but did not at that time announce the amounts of those payments. "Wew are making Dr. Timothy Kuklo's compensatiobn information public ona one-timd basis in the interest of transparency in this unique Medtronic spokeswoman Marybeth Thorsgaard said. Medtronic releasedr the information in response to a requestfrom Sen. Charles Grassley, R-Iowa, a vocal critix of pharmaceuticaland medical-technology firms making payments to doctors.
Kuklo workedr as a staff physician at Walter Reed Army Medicaol Center between 2000and 2006, and duringy a portion of that he was paid by Medtronic to provide training and After leaving Walter Kuklo signed a general consulting agreement with Medtronic in Augus t 2006. He was placed on inactivse statuslast month. The Army has accused Kuklo of falsifying researchu about aMedtronic bone-growth product called Infuser during the time Kuklo worked at Walter Reed in D.C. Medtronic did not pay for or participatse inthat study, Thorsgaard said.

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