Viveve Medical Inc. reached a settlement to resolve a patent dispute against ThermiAesthetics LLC, ThermiGen LLC and Red Alinsod in the U.S. District Court for the Eastern District of Texas.
The lawsuit, filed in October 2016, alleges that ThermiAesthetics and its affiliates infringed on the company's patented technology held under U.S. patent No. 8,961,511 and named "Vaginal Remodeling Device and Methods."
Under the settlement, Viveve Medical will receive a monetary payment and on-going royalty. The parties also reached mutual agreements regarding certain intellectual properties.
Englewood, Colo.-based Viveve Medical develops and sells medical devices for treating post-partum conditions.
ThermiAesthetics is a unit of Almirall SA.
