BTG subsidiary Biocompatibles has reached a settlement with the US government in relation to the Department of Justice's investigation of the marketing of LC Bead.
The investigation focused on the period pre-dating BTG's acquisition of Biocompatibles in January 2011. Biocompatibles has agreed to settle all allegations and consequently to pay a total penalty of $36m.
BTG is not required to enter into a Corporate Integrity Agreement as part of the settlement.
At 2:45pm: (LON:BTG) BTG PLC share price was +31p at 678p