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Diomed Holdings, Inc.
Diomed Holdings Enters into Sale Agreement with AngioDynamics
April 26th, 2008
Diomed Holdings, Inc., a leading developer and marketer of minimally invasive medical technologies, including its patented EVLT(R) laser treatment for varicose veins, announced that it has entered into an asset purchase agreement with AngioDynamics, Inc. for the sale of Diomed's U.S. operations for a cash purchase price of $8 million. The assets subject to the Agreement exclude the proceeds of Diomed's settlement of its '777 patent litigation with AngioDynamics, under which AngioDynamics agreed to pay $7 million, and the proceeds of Diomed's anticipated $3.6 million settlement with Vascular Solutions, Inc, now pending bankruptcy court approval, as well as certain patents....
Source: Law & Health Weekly (2008-04-26)
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