|
Article Excerpt
ANDOVER, Mass. -- Diomed Holdings, Inc. (AMEX: DIO), a leading developer and marketer of minimally invasive medical technologies, including its patented EVLT([R]) laser treatment for varicose veins, announced that it, together with its wholly owned subsidiary, Diomed, Inc., filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Massachusetts, Western Division. The petition contemplates that Diomed will sell certain of its operating assets to Biolitec AG, a manufacturer of medical lasers, optical fibers and other products, thereby enabling Biolitec to continue to operate Diomed's business in the United States.
Diomed and Biolitec have entered into a non-binding letter of intent for the sale of specified assets for a purchase price of between $6 and $7 million. Biolitec reported revenues of EU39 million and profits of EU5.6 for its fiscal year ended June 30, 2007. Its shares are listed on the Prime Standard...
|
|
More articles from Business Wire
Mobile Advertising: Supercharge Your Brand in the Exploding Wireless M..., March 14, 2008
New Study Examines Detection and Diagnosis in the Early Stages of Alzh..., March 14, 2008
Research and Markets: 36-page Report Contains the Results of a Wage an..., March 14, 2008
Research and Markets: Gain Insight into Haemonetics, a Global Company ..., March 14, 2008
NPC International, Inc. Announces 2007 Fourth Fiscal Quarter and Full ..., March 14, 2008
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
