PLC Systems/Edwards Lifesciences
This article was originally published in The Gray Sheet
Executive Summary
Cardiac laser technology specialist PLC will receive $1.5 mil. in consideration for transferring to Edwards the manufacturing and development rights for itsOptiwave 980 disposable handpiece, as well as a royalty on future revenue from the product to a maximum of $1.7 mil., under a modification to a 2004 contract...