AngioDynamics Pays Big Bucks for Vein Treatment Technology
You're familiar with AngioDynamics because the company has been in the news a lot lately. This has primarily been as a result of the fact that they are
being sued (and are
suing others) in ongoing litigation over patents for certain vein treatment technology. The company continues to fight those battles in court but has set aside a lump sum of $10 million to cover itself in case it has to pay for patent infringements.
Apparently AngioDynamics is doing okay for itself because it also has some other multi-million dollar transactions in the wings.
"AngioDynamics Inc. paid $2 million to the co-inventor of its recently introduced NeverTouch technology and will pay an additional $1 million after the product meets an unspecified milestone, the medical instruments manufacturer disclosed in a filing with regulators on Wednesday." (source)
The company apparently believes that investment in the NeverTouch technology makes financial sense. However, they are facing several unrelated lawsuits for defective products and may find themselves in trouble down the line.
Question: How interested are you in NeverTouch technology? What other vein treatment technology interests you?photo link
