October 6, 2016 / 1:37 PM / 10 months ago

BRIEF-BTG's Biocompatibles to settle LC Bead probe for $36 mln

1 Min Read

Oct 6 (Reuters) - BTG Plc :

* Settlement of U.S. investigation into LC Bead

* Unit Biocompatibles subsidiary reached a settlement with U.S. government in relation to department of justice's investigation of marketing of LC Bead

* Says Biocompatibles has agreed to settle all allegations and consequently to pay a total penalty of $36 mln

* Investigation focused on period pre-dating BTG's acquisition of Biocompatibles in January 2011 Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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