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Home » Volcano backs out of building

Volcano backs out of building

August 4, 2011 By MassDevice staff

Volcano

Volcano Corp. (NSDQ:VOLC) won’t be putting down roots in Massachusetts after all, having cancelled a $7.5 million bid for a building in Billerica.

The building, at 1 Fortune Drive, is still home to San Diego, Calif.-based Volcano’s subsidiary Axsun Technologies Inc, which develops micro-electro-mechanical optical engines for medical imaging and telecommunications.

The $250,000 deposit Volcano put down on the 65,000 square foot building has been refunded, according to SEC filings.

Volcano Corp. ranked 97th on the MassDevice Big 100 list of the world’s largest medical device companies.

Filed Under: News Well Tagged With: Axsun Technologies, Volcano Corp.

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