Tokyo-based Terumo Medical announced that the US District Court for the District of New Jersey has issued an order approving an agreement of the parties.
Under the terms of the agreement, Vascular Solutions will cease further manufacture, sales, and distribution of its R-Band Radial Hemostasis Device, pending litigation of Terumo’s claims.
In February, Terumo filed a patent infringement lawsuit accusing the R Band Radial Hemostasis Device of infringing on US patent and trademark rights held by Terumo Medical Corporation for its patented Band Radial Compression Device.
The R-Band is distributed in the US by Vascular Solutions and manufactured by Lepu Medical Technology.
Terumo president James Rushworth said, "As a market leader, Terumo is committed to doing what is right for our business and, when appropriate, we will vigorously protect our investments, assets and intellectual property."
Terumo’s TR Band Radial device is used to achieve patent hemostasis immediately following a transradial access diagnostic and intervention in the treatment of cardiac and vascular disease.
The features of TR Band dual compression balloons include exerting precise pressure on the radial artery to ensure blood return without compromising local nerve structure.