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...
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