Volcano found guilty over OCT breach of contract

Entities Mentioned

• Volcano
• Axsun Technologies
• LightLab Imaging

1. A Massachusetts Superior Court For Suffolk County jury has ruled against Volcano and its wholly owned subsidiary, Axsun Technologies, in a breach of contract lawsuit filed by Lightlab Imaging on Jan. 7, 2009. In December 2008, Volcano acquired Billerica, Mass.-based Axsun, which had an agreement to supply tunable lasers to the Westford, Mass.-based Lightlab for use in Lightlab's optical coherence tomography (OCT) imaging products until April 2016, with exclusivity in the field of coronary artery imaging expiring in April 2014, according to Volcano. Since the acquisition, Axsun has continued to supply lasers to Lightlab. The jury ... (Read Full Article)

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