News | October 02, 2013

Sapheneia Files for Bankruptcy

Advanced visualization company filing comes after losing patent case to competitor

October 2, 2013 — Sapheneia Commercial Products AB filed for bankruptcy Aug. 28, 2013. Shortly before the company went into bankruptcy, it changed its company name to “Contact Imaging Sweden AB.”

In July 2013, the Stockholm District Court ruled that ContextVision is the real owner of a key patent application filed by Sapheneia in September 2006. The court also ruled that Sapheneia should pay the legal costs of ContextVision amounting to TSEK 2,940. The amount has not been paid, and instead, Sapheneia filed for bankruptcy. The administration of the company in bankruptcy has been taken over by a receiver.  

Sapheneia appealed the court and was given until Sept. 6 to specify details of the appeal. The receiver has asked for an extension of this time limit, so the case is not officially closed.

In 2006, five employees left ContextVision and set up a new company, Sapheneia Commercial Products AB (SCP), together with two American citizens who had been engaged as consultants by ContextVision. Immediately after having left ContextVision, SCP started its business that directly competes with ContextVision. In September 2006, SCP filed a patent application, which identified two of ContextVision’s former employees as inventors. In 2008 ContextVision initiated legal proceedings against SCP at the Stockholm District Court requesting a declaratory judgment to the effect that ContextVision is the owner of the patent application.

The legal costs of 2,940 TSEK have been expensed in ContextVisions’ current accounts, thus a default in payment will not affect the result for future periods.

For more information:

Related Content

Sponsored Content | Videos | Enterprise Imaging | January 16, 2018
Built on an over 25-year pioneering legacy in the advanced visualization industry, Vital continues to expand on three
RSNA 2017 Celebrates Innovation in Radiology
News | Imaging | January 15, 2018
January 15, 2018 — The Radiological Society of North America’s...
EchoPixel Showcases Next-Generation Surgical Planning With True 3-D Interactive Mixed Reality Software
News | Advanced Visualization | January 08, 2018
January 8, 2018 — EchoPixel showcased the latest version of True 3D, its interactive,...
FDA Announces Final Guidance and Webinar for Technical Considerations for 3-D-Printed Medical Devices
News | 3-D Printing | January 03, 2018
The U.S. Food and Drug Administration (FDA) issued the final version of the guidance, “Technical Considerations for...
Median Technologies Collaborating With Chinese Hospital for Lung Cancer Screening Programs
News | Lung Cancer | December 22, 2017
Median Technologies recently announced a research collaboration agreement with Xingtai People's Hospital, Xingtai City...
News | Enterprise Imaging | December 21, 2017
Vital Images showcased enhancements to its enterprise imaging solutions at the Radiological Society of North America (...
Videos | Neuro Imaging | December 21, 2017
Max Wintermark, M.D., professor of radiology and chief of neuroradiology, Stanford Hospital and Clinics, discussed MR
Philips Announces New 3-D Printing Integration With 3D Systems and Stratasys
News | 3-D Printing | December 21, 2017
Philips recently announced agreements with 3D Systems and Stratasys, two global leaders in the 3-D printing industry,...
Videos | RSNA 2017 | December 20, 2017
ITN and DAIC Editor Dave Fornell takes a tour of some of the most interesting new medical imaging technologies on the
Philips IntelliSpace Portal 10 Highlighted by New 3-D Modeling Application
Technology | Advanced Visualization | December 13, 2017
Philips announced the debut of IntelliSpace Portal 10, the latest edition of its comprehensive, advanced visualization...
Overlay Init