BOSTON, Jan. 20,
2025 /PRNewswire/ -- The
United States Attorney for the District of Massachusetts has filed a motion to dismiss
all charges against SpineFrontier Inc., representing a
significant milestone in the ongoing legal proceedings involving
the company and its founder, Dr. Kingsley
R. Chin. This follows a pattern of steady progress,
including the earlier dismissal of money laundering charges and the
resolution of the civil case through financial settlements.
The case, United States v. Kingsley
R. Chin, Aditya Humad, and SpineFrontier, Inc., No.
1:21-cr-10256-IT, was filed in the United
States District Court for the District of Massachusetts. The government's motion to
dismiss, filed on January 17, 2025 in
the court docket ( View here ) stated:
"Pursuant to Fed. R. Crim. P. 48(a), the United States Attorney for the District of
Massachusetts hereby moves to
dismiss: (i) Counts 6 and 7 of the Indictment in this case,
charging the defendants with violations of the Anti-Kickback
Statute, 42 U.S.C. ยง 1320a-7b(b)(2), against defendants
Kingsley R. Chin and Aditya Humad;
and (ii) Counts 1 through 7 (all counts) of the Indictment in this
case against defendant SpineFrontier, Inc. ..."
This motion reflects continued progress in narrowing the scope
of the legal proceedings. With the civil case settled, the
dismissal of money laundering charges, and now the full dismissal
of SpineFrontier and two additional counts against individual
defendants, the case has been significantly reduced. " We
acknowledge this decision as an important step forward and remain
committed to addressing the remaining matters
constructively ," said Dr. Kingsley R.
Chin, former CEO of SpineFrontier.
SpineFrontier's History and Legacy
SpineFrontier was
founded in 2006 by Dr. Chin alongside a strategic advisory board
(SAB) of spine surgeons, each of whom invested a minimum of
$500,000, collectively contributing
millions to establish the company. The SAB members played a
critical role in shaping the company's vision and developing its
innovative technologies. The company's focus on pioneering Less
Exposure Spine Surgery (LESS) technologies has been instrumental in
improving patient outcomes and simplifying procedures for
outpatient and ambulatory surgery centers. SpineFrontier's devices
were developed with direct input from leading spine surgeons and
supported by robust, peer-reviewed research.
Lessons Learned: Guidance for Physicians and
Investors
The resolution of this case highlights the
importance of proactive compliance and regulatory awareness. "We've
seen how essential it is for physicians and companies to understand
the legal and compliance landscape," said Dr. Chin.
In response to the lessons learned from these challenges, Dr.
Chin and his new firm, KIC Ventures, have implemented rigorous
compliance measures to proactively identify and mitigate potential
risks. By prioritizing compliance and transparency, KIC Ventures
aims to ensure a higher standard of regulatory adherence in the
development and commercialization of innovative spine surgery
technologies. These measures provide reassurance to stakeholders
and investors, demonstrating the firm's commitment to
integrity.
We encourage readers to review Dr. Chin's bio
at https://www.kicventures.com/dr-kingsley-r-chin and
follow him on LinkedIn
( https://www.linkedin.com/in/kingsleychin/ ) to learn
more about his work.
Quote: "The dismissal of these charges, including the money
laundering allegations, removes a major obstacle and allows
SpineFrontier to move forward with renewed focus. We are grateful
for the support of our stakeholders throughout this process and are
excited to continue our work in the medical technology field."
About SpineFrontier Inc.
Founded in 2006,
SpineFrontier was built on a foundation of collaboration and
innovation. Along with its strategic advisory board of spine
surgeons, the company developed a portfolio of Less Exposure Spine
Surgery (LESS) technologies designed to improve patient outcomes
and simplify procedures for outpatient spine surgery.
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SOURCE SpineFrontier