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The Medical Device Business Journal — Medical Device News & Articles | MassDevice
AngioDynamics (NSDQ:ANGO) closed the books on a 3-year-old distribution spat with Cardinal Health, with the companies agreeing to a terminate the lawsuit late last month.
In additional to touting a 53% spike in sales, AngioDynamics’ (NSDQ:ANGO) 1st-quarter earnings report detailed a raft of ongoing lawsuits over infringed patents, jilted employees and soured distribution agreements.
The Chinese medical device market may triple by 2018, partially due to high rates of tobacco consumption and a rapidly growing economy, according to a market report.
Financial projections from AngioDynamics (NSDQ:ANGO) about its $372 million deal to acquire Navilyst Medical show that it expects to reap some significant rewards from the merger over the short and long terms.
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Updated February 1, 2012 at 5:30 p.m.
The $372 million buyout of Navilyst Medical by AngioDynamics (NSDQ:ANGO) is a reset button that will reinforce the combined operation for the future, AngioDynamics CEO Joe DeVivo told MassDevice this afternoon.
Guide Flow LLC filed a lawsuit against six other firms, accusing them of infringing its patent for a "Catheter Guidewire and Flushing Apparatus and Method of Insertion."
The Newport Beach, Calif.-based firm accused C.R. Bard Inc. (NYSE:BCR), AngioDynamics Inc. (NSDQ:ANGO), Becton, Dickinson & Co. (NYSE:BDX), Medical Components Inc., Navilyst Medical Inc. and Smiths Medical ASD Inc. of violating the patent in a suit filed in the U.S. District Court for Utah.