AngioDynamics says it settles patent suit; Multimillion-dollar payment to holder ends infringement claim.(Business)

Byline: ERIC ANDERSON - Deputy business editor

QUEENSBURY - Queensbury-based medical instruments maker AngioDynamics Inc., whose products are used to treat conditions from varicose veins to cancer, said Tuesday it has settled a patent infringement suit with a multimillion-dollar payment to the patent holder.

It's the second settlement in as many months for AngioDynamics.

AngioDynamics said it agreed to pay San Jose, Calif.-based VNUS Medical Technologies $6.8 million and a quarterly royalty. VNUS, which also named two other companies in the suit, said it had reached a $3.1 million settlement with one of them, Minneapolis-based Vascular Solutions. …