Tactile Medical Announces Qui Tam Lawsuit Dropped by Plaintiff
Tactile Systems Technology (TCMD) announced the dismissal of a qui tam lawsuit filed by a competitor regarding its patient and physician education programs. A federal judge in Texas approved the dismissal, confirming TCMD's confidence in its business practices. The company will not incur any damages or legal costs. With the lawsuit resolved, TCMD can focus on its goals of providing innovative therapies and enhancing patient care for chronic conditions like lymphedema. The leadership emphasizes their continued commitment to professional education and patient training.
- Lawsuit dismissal validates Tactile Medical's education programs.
- No financial liabilities from the lawsuit.
- Leadership focuses on enhancing patient care and innovation.
- None.
MINNEAPOLIS, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD) announced today that the qui tam lawsuit filed by a competitor has been dropped and dismissed by a federal judge in Texas. The lawsuit challenged the propriety of Tactile Medical’s patient and physician education programs. This dismissal validates Tactile Medical’s longstanding confidence in the validity of our programs. Tactile Medical will not pay any damages, penalties, attorney fees or other compensation.
“We are elated that the plaintiff has abandoned his claims and filed a motion to dismiss which was granted by the court,” said Dan Reuvers, President and Chief Executive Officer of Tactile Medical. “We have been steadfast in our confidence in our business practices. With this chapter now behind us, we can continue to focus our resources on bringing to market leading therapies and education that enhances the lives of the patients that we serve.”
Tom O’Donnell, Chief Medical Officer added, “Our commitment to professional education and patient training has played an important role in the increasing number of patients seeking and receiving care for their lymphedema and we remain dedicated to these important initiatives.”
With the claims dismissed by the federal judge, Tactile Medical also dismissed its remaining counterclaims. Tactile Medical will look forward to continuing to serve its patients through an industry-leading research and development and a comprehensive patient training program. Tactile Medical is committed to increasing awareness of lymphatic and vascular conditions through support of research and high-quality medical education, partnering with healthcare professionals, and most importantly, serving patients with dignity and care.
About Tactile Medical
Tactile Medical is a leader in developing and marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. The company collaborates with clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life for tens of thousands of patients each year.
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FAQ
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