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01/07/2004 10*34 AM
Andover-based Diomed Inc. has launched legal action in the U.S.
*‘* l~‘·‘ Federal District Court for the District of Massachusetts against N.Y.
firm AngloDynamics Inc., a subsidiary of E—Z—EM Inc., seeking
injunctive relief and damages for infringement of Diomed‘s patent
==i - · -
covering the endovascular laser treatment of varicose veins.
. . .
No details of the amount of damages or relief being sought was
released,
,
Diomed, a developer of minimally invasive medical technologies
including EVLT for the laser treatment of varicose veins, acquired
exclusive rights to the patent from the five inventors of the
procedure in September 2003.
"Dl0med has invested more than $20 million in the
e» .e commercialization of EVLT over the last three years and we will
( . . . . . .
aggressively protect this investment," said James Wylie, president
and chief executive officer of Diomed’s parent Diomed Holdings, in
.. - -
a statement. Most importantly, we are fully committed to
providing all physicians with open access to Diomed s EVLT
technology, thereby ensuring the full range of benefits for patients
and the medical community on a long-term basis."
Diomed stock opened at 29 cents, up one cent from yesterday s
Iéil CI GSE
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