The government’s case alleges that former Acclarent CEO William Facteau and the firm’s VP of sales Patrick Fabian plotted a fraudulent scheme to promote the Relieva Stratus Microflow spacer for off label use to deliver drugs, thus driving up its revenues and stock valuation, enabling the VC-backed company to exit with a handsome profit. Five years ago, Acclarent was viewed as a proverbial Silicon Valley medtech success story. The company was able to overcome long odds and the skepticism of many prominent ENT physicians regarding balloon sinuplasty. Despite these hurdles, the company was able to get significant traction in the market for a single-use disposable product with an $1800 price tag.
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