Semler Scientific settles with the U.S. Department of Justice to pay a $29.75 million fine
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2025-04-16 10:01 9,200
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Medical technology company Semler Scientific disclosed in a Tuesday filing that it had reached a preliminary settlement with the U.S. Department of Justice (DOJ) over allegations of marketing violations on its product QuantaFlo, agreeing to pay a $29.75 million fine. The company has signed a loan agreement with cryptocurrency exchange Coinbase to acquire loans with its holdings of Bitcoin as collateral to pay settlement funds.
Previous news, Semler Scientific launched a $500 million hybrid securities issuance program, with funds raised or part of the purchase of Bitcoin.