Vascular, Diomed Settle Vein Treatment Patent Suit

Law360, New York (April 9, 2008, 12:00 AM EDT) -- In a last-minute settlement, Vascular Solutions Inc. has agreed to pay $3.6 million to resolve its battle with Diomed Inc. over the patent for a laser treatment for varicose veins.

Vascular Solutions announced the settlement Wednesday, a day before attorneys were scheduled to present oral arguments before the U.S. Court of Appeals for the Federal Circuit. Co-defendant AngioDynamics Inc. had filed the appeal concurrently with Vascular Solutions, but settled with Diomed and withdrew on March 3.

The settlement resolves all claims and appeals from both sides...
To view the full article, register now.