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Staar Surgical Co Inc

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BUSINESS
November 24, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Allergan Inc., a manufacturer of eye and skin products, said Monday that it filed a lawsuit in federal court against a Monrovia competitor alleging violation of a 5-year-old patent on an optical surgical tool. In the suit, filed in U.S. District Court in Los Angeles on Monday afternoon, Allergan charges Staar Surgical Co. Inc. with patent infringement of a device that inserts artificial lenses into eyes after cataract surgery.
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BUSINESS
November 24, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Allergan Inc., a manufacturer of eye and skin products, said Monday that it filed a lawsuit in federal court against a Monrovia competitor alleging violation of a 5-year-old patent on an optical surgical tool. In the suit, filed in U.S. District Court in Los Angeles on Monday afternoon, Allergan charges Staar Surgical Co. Inc. with patent infringement of a device that inserts artificial lenses into eyes after cataract surgery.
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BUSINESS
July 15, 1986
International Pharmaceutical Products Inc. of Costa Mesa said it has agreed to allow STAAR Surgical Co. Inc. to distribute hyaluronic acid--used in performing cataract operations--pending a patent on the company's new production process. IPP plans to retain all rights to hyaluronic acid, but STAAR will receive an otherwise exclusive U.S. marketing license and the right of first refusal to market the substance in Canada, Japan and Western Europe.
BUSINESS
June 26, 1985 | JANE APPLEGATE, Times Staff Writer
Lasermed Corp., a struggling Costa Mesa surgical equipment company, said Tuesday that a proposed $500,000 financing arrangement with Staar Surgical Co. Inc. of Monrovia has been called off. Lasermed is anxious to raise money because it has a negative net worth of about $400,000 and in recent months has been forced to lay off about half of its 23 employees. The two companies are still exploring possible marketing ventures.
BUSINESS
September 6, 1985 | HEIDI EVANS, Times Staff Writer
Lasermed Corp., a Costa Mesa surgical equipment company unable to slow its losses or raise needed funds in recent months, has filed for protection of the court under Chapter 11 of the U.S. Bankruptcy Code. The petition, filed Wednesday in Federal Bankruptcy Court in Santa Ana, will allow the 3-year-old company to continue operating while it restructures its operations and comes up with a plan to pay off its debt.
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