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Surgicraft Ltd.

Paradigm BioDevices wins British contract dispute

August 17, 2010 By MassDevice staff Leave a Comment

Paradigm, Centinel logos

A British court handed Paradigm BioDevices Inc. a win in its contract dispute with Centinel Spine LLC subsidiary Surgicraft Ltd., ruling that Surgicraft must pony up a kill fee for terminating a deal with Paradigm in 2008.

Rockland, Mass.-based Paradigm sued Surgicraft in 2008, after the Redditch, England-based firm abruptly canceled Paradigm’s exclusive deal to distribute Surgicraft’s Stalif TT spinal fusion device. Centinel, which is owned by New York-based orthopedics hedge fund Viscogliosi Brothers LLC, acquired Surgicraft in 2008.

Filed Under: Business/Financial News, Legal News, News Well, Orthopedics, Spine Tagged With: Centinel Spine LLC, Paradigm BioDevices Inc., Surgicraft Ltd.

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