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Orthofix settles foreign bribery charges. Cardiosolutions wins $8 million investment for mitral valve technology. OraSure plans $75 million stock offering. More news in brief.

Orthofix International NV will pay $7.4 million to settle foreign bribery charges concerning its former Mexican orthopedic distribution entity under definitive agreements with the Department of Justice and the Securities and Exchange Commission, announced July 10. Orthofix will pay $5.2 million in disgorged profits under the terms of the SEC consent agreement to settle civil claims related to the matter, plus a fine of $2.2 million under the terms of a deferred prosecution agreement with DOJ. Under the terms of the three-year deferred prosecution agreement, DOJ has agreed not to pursue criminal charges. Orthofix notes that it previously took a $3 million charge toward resolving the matter in Q1 2011 and an additional charge of $4.5 million in Q4 2011. The formal agreements resolving allegations under the Foreign Corrupt Practices Act follow an agreement in principle announced in February. (See Also see "News In Brief" - Medtech Insight, 13 February, 2012..)

Development stage firm Cardiosolutions Inc. gains $8 million minority investment from cardiovascular device maker Sorin Group SPA, Sorin announced July 9. The funds will be used for ongoing...

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