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Premier Laser Systems struggles to survive as litigation problems with rival and former boss mount

This article was originally published in Clinica

Executive Summary

Nasdaq, the US stock market has halted trading in troubled Premier Laser Systems and has requested further information from the company, two days after it filed for Chapter 11 bankruptcy protection. In a further piece of bad news for the Irvine, California-based company, Biolase Technology has filed a lawsuit, alleging patent infringement. In addition, Premier has sold some of its intellectual property for $4 million.

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