Discount vs. Refund

When it comes to the mountain of regulations a medical device company must comply with it’s no wonder these companies employ an army of lawyers. As one seasoned executive once noted these regulations are not clear cut and open to wide interpretation. Still this does not explain the growing displeasure with Medtronic (NYSE: MDT) and the $299 “discount”.

Just so we are perfectly clear this is NOT a discount – when a patient places an order for the 670G and that product ships they are charged $299. If the patient then completes a series of tasks within a 120 day . . .

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