The US-listed company, which owns a medical device plant in Galway, moved its incorporation – and tax residence – from Switzerland to Ireland this week.
AQF Medical makes specialist packaging for the medical device sector and has been picked up by the Nasdaq-listed firm. The deal means another exit for Irish private equity firm Renatus Capital Partners.
Podimetrics filed a complaint against the Galway medtech start-up in the US, claiming its device for scanning diabetics' feet violates its patents.
The transition period for EU regulations on in-vitro diagnostic devices has been pushed to 2029, marking another extension in Europe’s effort to update its medical device rulebooks. Ireland is home to many industry heavyweights.
The extended transition period for new EU regulations on medical devices is giving stakeholders more time on a workload that was “probably underestimated”. The sector has a large industrial presence in Ireland.
Multibillion firms Abbott Technologies and Edward Lifesciences have been slugging it out in a patent battle over a device for fixing leaky heart valves. The High Court has now entered the fray, dismissing claims of an abuse of process.
Abbott Laboratories (market cap: €142 billion) has been battling Edwards Lifesciences (market cap: €42 billion) in US and UK courts over the Pascal, Edwards' device for fixing leaky heart valves. Now the fight is coming to Ireland.
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