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Company: Globus Medical Inc.
Current Parent Company:
Globus Medical
Parent at the Time of the Penalty Announcement:
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Penalty: $550,000
Year: 2012
Date: February 28, 2012
Offense Group: healthcare-related offenses
Primary Offense: off-label or unapproved promotion of medical products
Violation Description: Settlement of a civil money penalty action relating to the distribution of unapproved medical devices. Company CEO David C. Paul was required to pay an additional $450,000
Level of Government: federal
Action Type: agency action
Agency: Food and Drug Administration
Civil or Criminal Case: civil
Facility State: Pennsylvania
Facility City: Audubon
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical equipment
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.