Thursday, February 28, 2013

Cook CEO to Toomey: MDT will drive our device business overseas

By: Neil W. McCabe  2/26/2013 05:19 PM

The Keystone State senator, who for many years ran a small restaurant with his brothers, drew out from Steve Ferguson, the chairman of Cook Medical, a discussion about the damage President Barack Obama’s medical device tax has on his company during a Feb. 26 hearing of the Senate Budget Committee.

“Am I right in understanding that because of the medical device tax and if it stays in effect, you will forgo expanding production in the United States of medical device manufacturing?” said Sen. Patrick J. Toomey (R-Pa.), who in addition to helping to operate the restaurant in Allentown, Pa., had a successful Wall Street career….To Read More…. 

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