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AngioDynamics Settles Diomed Dispute
Wednesday April 2, 5:06 pm ET
AngioDynamics Settles Patent Dispute With Diomed for Payment of $7 Million


QUEENSBURY, N.Y. (AP) -- Medical device maker AngioDynamics Inc. said Wednesday it settled a longstanding patent dispute with Diomed over varicose vein laser treatment technology.
AngioDynamics will give Diomed a one-time payment of $7 million in the deal. In March of last year, a federal jury in Boston found that devices made by AngioDynamics and Minneapolis-based Vascular Solutions infringed a Diomed patent. At the time, AngioDynamics said the jury awarded combined damages of just under $12.5 million.


"We elected to end what has been a major distraction for our management team at a cost to our company that is less than the amount Diomed was awarded by the judge after the jury verdict in late March of last year," said President and Chief Executive Eamonn Hobbs in a statement.