Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.
  • Page:
  • 1

MEDISYS NEEDS AN INJECTION (MDY)     

ynot - 28 Sep 2003 23:35

A colapsible company promotes colapsible sringe hence ........prices.

Chance.

Janus - 03 Mar 2004 07:49 - 13 of 13

Medisys PLC
03 March 2004



Embargoed until 0700 3 March 2004


Medisys PLC

('Medisys' or 'the Group')


Hypoguard Named in Complaint for Patent Infringement

Medisys announces that Hypoguard, the Group's diagnostics division, has been
named as one of four defendants in a Complaint For Patent Infringement made by
Roche Diagnostics Corporation in the Indianapolis Division of the United States
District Court. The other named defendants are Apex Biotechnology Corp.
('Apex'), Medline Industries, Inc. and Home Diagnostics, Inc.

The Complaint alleges that the use and sale of the Assure family of blood
glucose monitoring system products, which includes Assure, Assure II and Assure
3, infringe two patents owned by Roche. The Assure products are manufactured
and supplied to Hypoguard by Apex under the terms of a supply and distribution
agreement (the 'Agreement'). The Agreement includes an indemnity, given by Apex
to Hypoguard, for liability arising from the Assure products infringing the
intellectual property of a third party. Apex has confirmed that it will stand
behind such indemnity in relation to Roche's Complaint.

Hypoguard is currently investigating the validity of the patents cited by Roche
in the Complaint and assessing whether or not the allegations in Roche's
Complaint have any merit. Following the completion of this exercise Hypoguard
will respond to the Complaint and further update shareholders.


- Ends -


Enquiries:
Medisys PLC 020 7563 5200
Michael Barry, Chief Financial Officer

Weber Shandwick Square Mile 020 7067 0700
Terry Garrett /Susanne Walker

  • Page:
  • 1
Register now or login to post to this thread.