April 8, 2008 - Vascular Solutions Inc. today said a jury has returned a verdict in its favor in the litigation against Marine Polymer Technologies Inc. for disparaging statements made regarding the safety of Vascular Solutions’ D-Stat Dry hemostat product.
The jury found Marine Polymer’s statements were false and disparaged the D-Stat Dry product and awarded Vascular Solutions $4.5 million in monetary damages. The jury rejected Marine Polymer’s counterclaims. This verdict is subject to customary post-trial motions in the U.S. Federal District Court for the District of Massachusetts and appeal.
Howard Root, CEO of Vascular Solutions, said the dispute started in 2005 when Marine Polymer made false statements regarding the safety of the D-Stat
The D-Stat Dry hemostatic bandage was introduced in 2003. It is used for the rapid control of topical bleeding.
For more information: www.vascularsolutions.com