AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Fischer obtains $4.25M accelerated payment of remaining patent funds owed.
2004 JUL 1 - (NewsRx.com & NewsRx.net) -- Fischer Imaging Corp. (FIMG) announced that it has reached an agreement with Thermo Electron Corp. (TMO) to accelerate the remaining payments owed Fischer from a 2002 patent settlement into a single payment of $4.25 million.
Together with the regular quarterly payment of $900,000, the company has received $5.15 million during the current quarter.
During the second quarter of 2002, Fischer settled a patent infringement lawsuit that it had filed against Thermo Electron and Hologic, Inc. Under the $32.2 million settlement, the company received $25.0 million in cash during the second quarter of 2002. The balance of $7.2 million was scheduled to be received in equal annual installments of 900,000 over the remaining 8-year life of the patents for continued sales of the breast-biopsy imaging system now being sold by Hologic, Inc.
The company has received two such payments, in the second quarter of 2003 and in the current quarter, leaving a balance of $5.4 million to be received over the remaining 6-year patent life. That balance is now paid in full.
The company said that financial terms associated with the $4.25 million payment were consistent with its overall cost of funds available from other sources such as its bank credit line.
"This agreement bolsters our cash position and allows us to accelerate our investments in product and technology improvements. We ...
- Company receives CE Mark for Nipple Endoscope.
- Magazine article from: Women's Health Weekly January 8, 2004 700+ words
...nipple discharge. The CE Mark Certification means the...The obtaining of this CE Mark will allow the company...worldwide that requires CE Mark Certification. It is...prepared by Women's Health Weekly editors from staff and...
- SD Canada Announces CE Mark for ThyroChek(R) Adult and NeoNatal Tests.
- Magazine article from: Women's Health Weekly March 26, 2009 700+ words
...office labs. With the CE mark indicating conformity...as advertised and the CE mark provides credibility to...testing program. The CE mark will enhance neonatal...prepared by Women's Health Weekly editors from staff and...
- Small Bone Innovations Receives European Union CE Mark for Its PRECISE SD[TM]...
- Magazine article from: Women's Health Weekly March 5, 2009 700+ words
...European Union (EU) CE Mark (Conformite Europeene...The declaration of the CE Mark now makes it available...prepared by Women's Health Weekly editors from staff and...Copyright 2009, Women's Health Weekly via NewsRx.com.
- Pressure BioSciences, Inc. Announces CE Mark Approval and Compliance with the...
- Press release article from: PR Newswire September 5, 2007 700+ words
...announced that it has received approval to CE Mark the Barocycler NEP2320, a patent-pending...We are very pleased to have received CE Mark approval and IEC 61010-1 compliance...whom have been anxiously awaiting our CE Mark and IEC 61010-1 approvals. In addition...
- Genetronics Receives CE Mark Approval for MedPulser Electroporation System to...
- Press release article from: PR Newswire March 17, 1999 700+ words
...today announced approval to affix the CE Mark to the proprietary MedPulser(R) electroporation...EPT) treatment of solid tumors. The CE Mark allows the MedPulser(R) and electrode...By obtaining authorization to apply the CE Mark, Genetronics has met its first milestone...
- FONAR Receives the CE Mark for the QUAD 12000 MRI.
- Press release article from: Business Wire June 23, 1999 700+ words
...reported today that it has received the CE Mark for its QUAD(tm) 12000 Magnetic Resonance Imaging Scanner. The CE Mark was awarded to FONAR by Semko AB (Sweden...many other nations that require the CE Mark. Sol Ginzburg, FONAR's International...
- Pressure BioSciences, Inc. Announces CE Mark Approval and Compliance with IEC...
- Press release article from: PR Newswire May 8, 2007 700+ words
...announced that it has received approval to CE Mark its Barocycler NEP3229 instrument, the...measurement, control, and laboratory use. The CE Mark is a mandatory European marking for certain...European Directives. With the approval to CE Mark its Barocycler NEP3229, Pressure ...
- LaserSight announces CE Mark certification.
- Press release article from: Business Wire December 20, 1996 700+ words
...Technologies, Inc., is now certified to apply the CE Mark to its LaserScan 2000 excimer laser. CE Mark is the quality assurance certification requirement...sales into those countries. Fulfillment of CE Mark requirements allows LaserSight to expand European...
- Lifeline BioTechnologies Receives CE Mark Certification of Its Duct Scope...
- Press release article from: Business Wire December 9, 2003 700+ words
...announced that the company has received CE Mark Certification for its Nipple Endoscope(TM) (nipple microendoscope) in Europe. CE Mark Certification is the equivalent of America...the management of nipple discharge. The CE Mark Certification means the technology can...
- CORVITA CORPORATION ANNOUNCES CE MARK APPROVAL IN EUROPEAN COMMON MARKET
- Press release article from: PR Newswire May 24, 1995 700+ words
...Corporation (Nasdaq: CVTA), has received CE Mark approval of the Corvita Compliant Vascular...within the European Common Market. The CE Mark for vascular grafts and similar products...devices sold in Europe after June 1998. The CE Mark in Europe may be considered equivalent...
Source: HighBeam Research, Fischer obtains $4.25M accelerated payment of remaining patent funds...