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AIS v. Pillco

This article was originally published in The Gray Sheet

Executive Summary

Advanced Interventional Systems signs a license agreement with Pillco Limited on Jan. 8 related to Pillco's patents covering the use of excimer lasers in the field of angioplasty. AIS says terms of the pact include an initial cash payment to Pillco, royalty payments to the firm based on a percentage of revenues from AIS' excimer laser products and the issuance of AIS stock to Pillco. In late December, a Virginia district court ordered AIS to stop manufacturing and marketing its Dymer 200+ laser because it infringes a Pillco patent ("The Gray Sheet" Jan. 4, In Brief)....
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