AMO Awarded $213.9 Mil. In Patent Case Ruling, But Alcon Will Appeal
This article was originally published in The Gray Sheet
Executive Summary
A recent patent infringement ruling in favor of Advanced Medical Optics buttresses the firm's competitive position as it prepares to launch a new version of its Sovereign phacoemulsification system in 2007, according to the company
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Advanced Medical Optics And Alcon Leave Courtroom Behind
Advanced Medical Optics and Alcon, facing the prospect of long-term litigation costs, settled all of their outstanding patent disputes relating to ophthalmic surgery July 10 in an agreement where Alcon will pay AMO $121 mil
Advanced Medical Optics And Alcon Leave Courtroom Behind
Advanced Medical Optics and Alcon, facing the prospect of long-term litigation costs, settled all of their outstanding patent disputes relating to ophthalmic surgery July 10 in an agreement where Alcon will pay AMO $121 mil
JP Morgan Healthcare Conference In Brief
FoxHollow files IDE for coronary indication: Plaque excision system manufacturer filed an IDE to resume a clinical trial studying the use of SilverHawk to treat coronary artery disease in type B and C bifurcation lesions on Jan. 9, the company announced at the JP Morgan Healthcare conference in San Francisco. The initial study, begun in Oct. 2002, was shelved in Dec. 2003 due to adverse events observed in a subset of the patients (1"The Gray Sheet" Nov. 1, 2004, p. 20). Enrollment for the 250-patient trial is expected to begin in the second quarter, interim CEO John Simpson, MD/PhD said. FoxHollow also plans to initiate a 100-patient randomized, controlled trial comparing treatment with SilverHawk to medical management for peripheral artery disease, the device's approved indication. The Redwood City, Calif. firm hopes the trial results will accelerate the firm's quest for profitability, a goal that has been delayed by an $11.4 mil. stock-based compensation expense this quarter related to the departure of CEO Robert Thomas Jan. 1 (2"The Gray Sheet" Jan. 9, 2006, p. 13)...