Here are all the patent holders + Weil writing an infomercial for the Lapiplasty. This article was rejected by Foot and Ankle Specialist.
(High marks for their Editor and his reviewers !!)
The only Journal which accepts this rubbish is JFAS who blindly allowed the authors to disclose “consultant” status for Treace.
The truth is that they all received royalty fees as well as consulting fees from 2015-2019.
This article published in 2018, long after the patent holders had pocketed over 1 Million in royalty fees starting in 2014.
Treace switched from paying these guys “consulting fees” only in 2014-2015, to combination consulting and royalty fees starting in 2016.
In 2017, the year prior to this publication, Treace paid Hatch, Santrock, Smith and Dayton a total of $750,000 divided among both royalty fees and consulting fees.
Here is the disclosure of those same individuals in JFAS stating that as of 2018:
Triplane Hallux Abducto Valgus Classification
Daniel J. Hatch, DPM, FACFAS 1,2, Robert D. Santrock, MD3, Bret Smith, DO, MSc 4,5,
Paul Dayton, DPM, MS, FACFAS 6,7, LowellWeil Jr., DPM, MBA, FACFAS 8
The Journal of Foot & Ankle Surgery 57 (2018) 972–981
Financial Disclosure: The authors are consultants for Treace Medical Concepts.
Conflict of Interest: None reported.
Address correspondence to: Daniel James Hatch, DPM, Medical Center of the Rockies,
2500 Rocky Mountain Avenue, Loveland, CO 80538.
Yet, the year prior to this publication, the authors (patent holders) were paid both consulting fees and royalty fees:
|Paul Dayton||Royalty or License||08/31/2017||$17,152.06|
|Paul Dayton||Royalty or License||11/15/2017||$16,942.69|
|William Bret Smith||Royalty or License||08/31/2017||$14,026.63|
|William Bret Smith||Royalty or License||11/15/2017||$13,824.22|
|Paul Dayton||Royalty or License||05/18/2017||$13,430.45|
|Daniel Hatch||Royalty or License||08/31/2017||$13,207.48|
|Daniel Hatch||Royalty or License||11/15/2017||$12,835.67|
|Paul Dayton||Royalty or License||02/16/2017||$12,358.84|
|William Bret Smith||Royalty or License||05/18/2017||$10,942.60|
|Daniel Hatch||Royalty or License||05/18/2017||$10,067.89|
|William Bret Smith||Royalty or License||02/16/2017||$10,042.49|
|Robert Santrock||Royalty or License||08/31/2017||$9,611.54|
|Robert Santrock||Royalty or License||11/15/2017||$9,476.02|
|Robert Santrock||Consulting Fee||09/25/2017||$8,000.00|
|Lowell Weil||Consulting Fee||09/25/2017||$7,987.50|
|Paul Dayton||Consulting Fee||09/24/2017||$7,600.00|
|Robert Santrock||Royalty or License||05/18/2017||$7,502.39|
|William Bret Smith||Consulting Fee||11/26/2017||$7,500.00|
|Daniel Hatch||Consulting Fee||09/26/2017||$7,200.00|
|Robert Santrock||Royalty or License||02/16/2017||$6,888.02|
|William Bret Smith||Consulting Fee||08/27/2017||$6,750.00|
|Paul Dayton||Consulting Fee||04/30/2017||$6,375.00|
|Paul Dayton||Consulting Fee||08/13/2017||$5,800.00|
|Daniel Hatch||Consulting Fee||08/01/2017||$5,250.00|
|Paul Dayton||Consulting Fee||04/30/2017||$5,200.00|
|Paul Dayton||Consulting Fee||06/19/2017||$5,200.00|
|Paul Dayton||Consulting Fee||08/01/2017||$4,800.00|