Former CEO of OtisMed sentenced to prison for commercializing products not cleared by FDA

OTISMED’S CHI SENTENCED TO PRISON (Orthopedics This Week)
List of Mergers and Acquisitions in Orthopedics
Charlie Chi's profile on LinkedIn
Charlie Chi, Ph.D., the former CEO of OtisMed Corporation has been sentenced by the U.S. District Court of the District of New Jersey to 24 months in prison, one year of supervised release and ordered to pay a $75,000 fine.
Selling Adulterated Devices
Chi pleaded guilty last December to introducing adulterated medical devices into interstate commerce. The company also agreed at the time to pay more than $80 million to resolve related criminal and civil cha...


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