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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.