C.R. Bard Closes Federal Cancer Treatment Beef for $51 Million
5/14/2013 9:04:10 AM
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C.R. Bard closes the deal it made last year with federal authorities to settle a probe into its brachytherapy cancer treatment business in return for a $51 million payment. C.R. Bard (NYSE:BCR) said it closed a deal reached last year with federal prosecutors to settle a probe into its brachytherapy business with a $51 million payment. The U.S. Health & Human Services Dept. subpoenaed Murray Hills, N.J.-based Bard in November 2006 over the cancer treatment business, under the False Claims Act and federal healthcare fraud statutes, according to regulatory filings.
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