AngioDynamics Wins $16.5M Over Biolitec IP Indemnification

Law360, New York (October 4, 2012, 3:48 PM EDT) -- A federal judge in New York has ordered specialty laser firm Biolitec Inc. to hand over $16.5 million to medical device manufacturer AngioDynamics Inc. for failing to shield the company from patent infringement claims related to varicose vein treatments, Angio announced Thursday.

Angio, which filed a motion Tuesday seeking another $6.7 million in interest, said Friday’s judgment compensates it for a $7 million settlement it reached with now-defunct Diomed Inc., a $6.8 million settlement with VNUS Technologies Inc. and legal fees associated with the matters....
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