Spectranetics Corp. (SPNC) Investigated By FDA & ICE
Spectranetics Corporation (NASDAQ GM:SPNC), a medical device manufacturer, was served a joint Federal search warrant on Thursday by the FDA (Food & Drug Administration) and ICE (Immigration & Customs Enforcement), supposedly as part of an investigation into whether Spectranetics improperly received parts from an international source. In a press release, Spectranetics said that “The search warrant requested information and correspondence relating to: (i) the promotion, use, testing, marketing and sales regarding certain of the company's products for the treatment of in-stent restenosis, payments made to medical personnel and an identified institution for this application, (ii) the promotion, use, testing, experimentation,…