{ "docId": "019dd923-622c-750b-8b9a-40e2965928db", "docSlug": "e5bffbaac707", "documentTitle": "TransMedics (TMDX)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2025-01-10 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 40, "pageCount": 342, "prevPage": 39, "nextPage": 41, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a Q&A transcript format to highlight potential regulatory and ethical misconduct.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-40e2965928db/40", "deckHref": "/decks/019dd923-622c-750b-8b9a-40e2965928db", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-40e2965928db.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-40e2965928db#slide-40", "components": [ { "bbox": null, "kind": "callout", "text": "A former employee in a regulatory role alleged a number of troubling interactions with the CEO, such as allegedly being pressured to doctor adverse event reports to downplay any link to TransMedics device.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-5372-7340-8f9b-8fde70b95a24", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.86, "x": 0.07, "y": 0.38 }, "kind": "list", "text": "Employees allegedly asked to find ways to sell the device “countries without approval”", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e13ec7b6-2791-42ff-b328-127e9400f309", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.86, "x": 0.07, "y": 0.22 }, "kind": "paragraph", "text": "The ex-employee further alleged being pushed to find ways to sell the device in countries where it is not approved; and shared grave concerns about a team of “six or seven” transplant physicians who allegedly visited from China to train on the device.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "22d7e50c-a153-42d4-947f-08efaff50b53", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.48, "w": 0.86, "x": 0.07, "y": 0.42 }, "kind": "paragraph", "text": "Q: “Were you ever asked to do anything from a regulatory standpoint that you thought was in a gray area or improper?”\nA: “They tried to sell products to countries without approval - how we can do it?”\nQ: “They asked you to look into how you could do that?”\nA: [Laughs] That’s funny, isn’t it? I was asked what are the kinds of ways they can sell without approval. We got some Chinese doctors who came over for training, and [redacted] was involved with that.”\nQ: “Who asked you to look at countries you could sell to without approval? Waleed?”\nA: “Yeah, from the top...Chinese doctors came and went through the training. This group of Chinese doctors, I think, it was six or seven people who came, and the leader was a German doctor. He was not able to continue medical practice in Germany and then went to China and where was working for several years. He was saying he was trying to be a pioneer of transplants at this Chinese hospital.”\nQ: “This German doctor, he was not allowed to practice in Germany? It’s kind of weird that he went to China.”\nA: “We didn’t know but that was our suspicion - that was the suspicion among those who attended the Chinese training session.”\nQ: “You guys were worried that this guy was not allowed to practice in Germany?”\nA: “Right, right. I mean, the way he spoke...he said that he was helping them to establish a transplant center in the southern area of China somewhere between Wuhan and Beijing...when the Chinese doctors disappeared, we felt kind of easy because we don’t want to do anything illegal...exporting to any country illegally could shut down the business.” - Former employee in a regulatory affairs role", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "db19cda5-47e4-4f40-a6ff-0cd1b6ac3419", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "the leader was a German doctor...he was not able to continue medical practice in Germany and then went to China...he was saying he was trying to be a pioneer of transplants at this Chinese hospital....I mean, the way he spoke...somewhere between Wuhan and Beijing...when the Chinese doctors disappeared, we felt kind of easy because we didn't want to do anything illegal...exporting to any country illegally could shut down the business. — Former employee in a regulatory affairs role", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-5372-7340-8f9b-9199cc937f8c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.25, "x": 0.07, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a346baa5-f145-4c1b-afe5-51c354f539a8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "title", "text": "A former employee in a regulatory role alleged a number of troubling interactions with the CEO, such as allegedly being pressured to doctor adverse event reports to downplay any link to TransMedics device, as we cover in the last chapter.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d4d7e6c8-b9b3-4d72-85cd-e75028bc03ea", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }