Orthofix International Progresses in Resolution of Legal Matters with U.S. Government

Orthofix International, a global medical device company, has issued a statement regarding its substantial progress in the resolution of several U.S. Government legal matters.  The statement discussed the company’s improvements to its compliance practices, personnel, financial standings, and a stronger focus on the Company’s operations, including investments in R&D.  Three legal matters Orthofix reportedly has made progress on are: reaching an agreement to resolve matters related to the investigation of the Company’s subsidiary, Blackstone Medical, Inc.; reaching an agreement in principle with the DOJ to settle criminal violations of the False Claims Act; and finalizing definitive agreements for bone growth stimulation matters.