The litigation was filed by LightLab Imaging, which St. Jude acquired last year, against one of its suppliers, Axson Technology, as well as Volcano Corp., a San Diego company that bought Axson in 2008. Axson and LightLab are both based in Massachusetts.
Volcano Corp. (NASDAQ:VOLC) declared victory in the latest round of a legal battle with St. Jude Medical Inc. (NYSE:STJ) subsidiary LightLab Imaging Inc. The Superior Court of Massachusetts rejected LightLab’s claims for protection of five alleged trade secrets relating to laser technologies and denied all of the coronary imaging firm’s requests for permanent injunctions, according […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
St. Jude Medical Inc. (NYSE: STJ) said Tuesday that it completed its $90 million acquisition of LightLab Imaging Inc. With the purchase, St. Jude, based in Little Canada, Minnesota, can enter the $500 million coronary imaging market with a new imaging technology — optical coherence tomography (OCT). OCT uses near-infrared light to produce high-resolution, real-time […]
Dr. Marco Costa found a second blocked artery in Mack Bailey’s heart — and demonstrated to a Good Morning America audience the first vascular-imaging technology based on optical coherence tomography (OCT) — at the same time Thursday. Costa is an interventional cardiologist and director of the cardiovascular research institute at University Hospitals Case Medical Center […]
St. Jude Medical Inc. (NYSE: STJ) has agreed to pay $90 million in cash for a company that has commercialized an emerging type of medical imaging technology for use during vascular procedures. The acquisition of LightLab Imaging Inc. in Westford, Massachusetts, would enable St. Jude Medical to enter the $500 million coronary imaging market, according […]