Vascular Solutions Inc. (VASC)

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Vascular Solutions Wins $4.5 Million Jury Verdict in Litigation With Marine Polymer Technologies
MINNEAPOLIS, April 8, 2008 (PRIME NEWSWIRE) -- Vascular Solutions, Inc. (Nasdaq:VASC) today announced that the jury has returned a verdict in its favor in the litigation against Marine Polymer Technologies, Inc. for product disparagement concerning statements made regarding the safety of Vascular Solutions' D-Stat Dry hemostat product. In its verdict the jury found that Marine Polymer's statements were false and disparaged the D-Stat Dry product and awarded Vascular Solutions $4.5 million in monetary damages. The jury rejected Marine Polymer's counterclaims in their entirety. This verdict is subject to customary post-trial motions in the United States Federal District Court for the District of Massachusetts and appeal.

Howard Root, CEO of Vascular Solutions, commented: "This dispute should have been resolved with a simple corrective action that could have been taken by Marine Polymer back in 2005. But instead of resolution, they chose to escalate this matter to the point where it required the jury's determination. We are pleased that the jury agreed with us that Marine Polymer's statements regarding the safety of our D-Stat Dry were false and disparaging, and also with the jury's award of damages to compensate Vascular Solutions for the effects of these statements."