Merit Medical reveals U.S. Justice Dept. subpoena

Merit Medical (NSDQ:MMSI) said last week that the U.S. Justice Dept. issued a subpoena seeking information on its marketing practices.

The Oct. 19 subpoena seeks “documents and other information regarding certain marketing and promotional practices relating to the company’s products,” the South Jordan, Utah-based medical device company said.

“The company is in the process of responding to the subpoena and intends to cooperate,” Merit said in a regulatory filing.

Merit, which has been on a bit of a buying spree this year, in July paid $97.5 million in cash to acquire San Jose, Calif.-based DFine and its StabiliT bone cement in injector and Star spine tumor ablation system, creating a new division to incorporate the add-ons.

In February Merit picked up the Hero hemodialysis access graft from CryoLife Inc. (NYSE:CRY) for $18.5 million in cash.

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