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Visx suit against Summit seeks $4.5 mil. in additional royalties on PRK laser sales.

This article was originally published in The Gray Sheet

Executive Summary

VISX LAWSUIT SEEKS AT LEAST $4.5 MIL. IN ROYALTIES FROM SUMMIT TECHNOLOGY to be paid to the firms' Pillar Point Partners venture, according to a complaint filed Aug. 28 in the U.S. Federal District Court in Boston. The suit alleges that Summit is failing to meet contractual commitments to pay royalties to Pillar Point on sales of Summit's photorefractive keratectomy laser system.
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