American Medical Systems Holdings Inc. (AMMD) said that it has divested its female sterilization assets and technology to Conceptus Inc. (CPTS) for $23.6 million.
As a result of this asset sale agreement, and separate agreements completed with third parties, AMS eliminated all existing and potential obligations and liabilities under previous agreements associated with the Ovion technology.
The asset sale agreement also releases Conceptus from any future royalty obligations to AMS.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.