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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