Boston Scientific (NYSE:BSX) said yesterday that authorities in Brazil raided its subsidiary there as part of a probe into government contracts with the medical device maker.
Marlborough, Mass.-based Boston Scientific said Brazil’s Administrative Council of Economic Defense, known as CADE, served a search warrant Dec. 1, 2015, “in furtherance of an investigation into alleged anti-competitive activity with respect to certain tender offers for government contracts.”
“We are cooperating fully with CADE’s inquiry,” the company said in a regulatory filing.
Several other “major medical device makers” doing business in Brazil were also raided, according to the filing.
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