Judge: Investor Failed To Show Medical Device Maker Misstated FDA Conditions

Mealey's (January 11, 2017, 2:18 PM EST) -- BOSTON — A shareholder failed to show that a medical device maker and certain of its current and former executive officers issued material misrepresentations or omissions in connection with the company’s statements made regarding the U.S. Food and Drug Administration’s approval of a spinal injury repair device, a First Circuit U.S. Court of Appeals panel ruled Jan. 9 (Edmond Ganem, et al. v. InVivo Therapeutics Holdings Corp., et al., No. 15-1544, 1st Cir.; 2017 U.S. App. LEXIS 385)....