News We’re Watching: AngelMed Becomes Avertix, 3M Layoffs, FDA Warns On COVID Test Use

This week, cardiac monitoring firm AngelMed announced its new name; Tempus nabbed FDA approval for its tumor profiling test; and iRhythm revealed that it’s been subpoenaed by the US Department of Justice.

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• Source: Medtech Insight

Wearable cardiac monitor company iRhythm Technologies, Inc. is facing a subpoena from the US Department of Justice’s Consumer Protection Branch, the company announced during a 4 May earnings call. This is the third time federal investigators have subpoenaed the company in less than two years.

Company officials said that iRhythm is cooperating with the subpoena, but declined to speculate on the nature or timing of the inquiry. But Boston Scientific announced in April that its...

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