We have seen a lot of ups and down for vein treatment manufacturers in the past year due primarily to a series of patent infringement lawsuits that were filed amongst makers of some of the leading technology for the industry. And now there's an interesting new twist on the financial news coming out of the industry.
One of the main plaintiffs in these patent infringement lawsuits was Diomed. The company has recently won and / or settled its lawsuits and gained several million dollars as a result. One of the defendants that paid out on these claims was AngioDynamics.
However, after all of their claims of patent infringement, Diomed is now going to be selling their technology. And AngioDynamics is the buyer. They will be spending $11 million to purchase the assets assuming that the court approves the sale.
Question of the Day: Who do you think will be left standing in varicose vein treatment once all is said and done?
