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Biotronik settles Brazilian bid-rigging cartel probe into cardiac orthotics, prosthetics

( April 26, 2023, 17:32 GMT | Official Statement) -- MLex Summary: The Brazilian subsidiary of medical device company Biotronik has settled a bid-rigging cartel probe into the market for cardiac orthotics and prosthetics. The company agreed to pay 59.1 million reais ($11.67 million) to settle the investigation. The Administrative Council for Economic Defense, or CADE, started investigating the case in 2015, following a complaint filed by Brazil's Ministry of Justice.CADE press release follows in Portuguese:...

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