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Steve Ferguson, chairman of Cook Group, Cook Medical’s parent company said, “Cook Medical would like to thank our congressional delegation for their leadership to extend the suspension of this tax on medical device companies. We appreciate the acts of Congress to benefit patients and employees. Since the tax was implemented in 2013, U.S. medical device companies both large and small have faced uncertainty for the future related to innovation for patients.”
Ferguson concluded, “The two-year extension of the device tax suspension helps us to bring new life-saving devices to patients. As we look to the future, we will continue working with our congressional leaders for a full repeal of the medical device tax. Repealing this tax is crucial for patients who rely on medical devices and look to our industry to continue researching and developing projects that will innovate new therapies for those who need it most.”
Medical technology employs more than two million people directly and indirectly all over the United States. Cook Medical employs approximately 7,000 people in the U.S.