Friday, March 10, 2023

Former CEO of Stimwave arrested related to accusation the company was implanting $16,000 fake medical devices in people


The Stimwave “Pink Stylet” system consisted of an implantable electrode array for stimulating the target nerve, a battery worn externally that powered it, and a separate, 9-inch long implantable receiver. When doctors told Stimwave that the long receiver was difficult to place in some patients, [ther former CEO] allegedly created the “White Stylet,” a receiver that doctors could cut to be smaller and easier to implant—but was actually just a piece of plastic that did nothing.


Stimwave charged doctors and medical providers approximately $16,000 for the device, which medical insurance providers, including Medicare, would reimburse the doctors’ offices for.