Category: Laser/Light-based DevicesSyndicate content

DOJ declares $520k victory as Vascular Solutions refutes allegations

July 30, 2014 by Arezu Sarvestani

Vascular Solutions agrees to pay $520,000 to settle a U.S. Justice Dept. probe without admitting any wrongdoing.

DOJ declares $520k victory over Vascular Solutions

Vascular Solutions (NSDQ:VASC) issued a special statement this week after the U.S. Justice announced that it had won a $520,000 settlement after accusing the company of selling a medical device without proper FDA approval.

Medtronic pays up to $105 million for Visualase

July 28, 2014 by Brad Perriello

Medtronic says it will pay up to $105 million to acquire Visualase and its MRI-guided neurosurgery laser device.

Medtronic pays up to $105 million for Visualase

Medtronic (NYSE:MDT) said today that it paid up to $105 million to acquire Visualase and its MRI-guided laser neurosurgery device.

Biolase launches $12M private placement amid internal turmoil, shares soar

July 21, 2014 by Arezu Sarvestani

Wall Street rallies as dental laser maker Biolase raises $12 million through a private placement round, even as the company deals with an ongoing civil war involving ousted CEO Federico Pignatelli.

Biolase launches $12M private placement

California-based Biolase (NSDQ:BIOL) announced today that it secured $12 million in a private placement funding round, even as the company weathers the internal tumult following the ouster of former CEO Federico Pignatelli.

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Ex-Biolase CEO isn't giving up without a fight

June 27, 2014 by Arezu Sarvestani

Ousted Biolase CEO Federico Pignatelli launches an investigation into the device maker, saying he suspects "wrongdoing, mismanagement and corporate governance failures."

Ex-Biolase CEO isn't giving up without a fight

Shares of Biolase (NSDQ:BIOL) got a modest boost today, even as a company insider announced a far-reaching investigation into the company's management under the suspicion of wrongdoing.

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CEO Pignatelli out after court-ordered shake-up at Biolase

June 17, 2014 by Brad Perriello

Biolase CEO Federico Pignatelli is out after a court-ordered shake-up at Biolase.

CEO Pignatelli out in court-ordered shakeup at Biolase

The boardroom and C-suite at Biolase (NSDQ:BIOL) got a shake-up this week following a Delaware Supreme Court decision in a lawsuit filed by Oracle Partners earlier this year.

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Biolase vows to take another run at Fotona

June 13, 2014 by Brad Perriello

Biolase vows to amend its complaint after a federal judge shoots down its false advertising and defamation claims against rival dental laser maker Fotona.

Biolase vows to take another run at Fotona

A federal judge this month dismissed a Biolase (NSDQ:BIOL) lawsuit alleging false advertising and defamation by dental laser rival Fotona, but left the door open for an amended complaint.

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Proxy war brews as activist investor Oracle targets Biolase board

March 17, 2014 by Arezu Sarvestani

Biolase steadies itself against a proxy war filed by activist majority shareholder Oracle Partners over alleged manipulation of the board of directors.

Proxy war brews as activist investor Oracle targets Biolase leadership
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