Damages trial is set for March 22 following a Feb. 4 jury finding that Volcano and its Axsun Technologies subsidiary misappropriated LightLab trade secrets and that Volcano intentionally interfered with a contract under which Axsun supplied to LightLab tunable lasers for use in optical coherence tomography (OCT) systems, LightLab announces Feb. 9. LightLab, which makes OCT equipment for vascular applications, filed suit in January 2009, following Axsun's acquisition by Volcano in December 2008. Volcano says it plans to appeal the jury verdict and that it "does not believe that this development will have a material impact on Volcano's OCT program or Axsun's business.
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Medtronic announced it received expanded MRI labeling for its DBS systems, which is critical, given that almost 70% of all DBS-eligible patients will likely need an MRI at some point in their care, says Ashwini Sharan, CMO for Medtronic Neuromodulation.
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