Vascular Solutions Settles Diomed Patent Case for $3.58 Million
NEW YORK (Associated Press) - Medical device manufacturer Vascular Solutions Inc. said Wednesday it will pay $3.58 million to settle Diomed Holdings Inc.'s patent lawsuit.
In March 2007 a federal jury in Massachusetts awarded Diomed $4.1 million. Vascular said it recorded a $5 million litigation provision in the 2007 first quarter, which was later raised to $5.2 million because of interest on the jury's award.
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