Spectranetics takes Thermopeutix to court over distribution deal
Spectranetics sues after Thermopeutix drops out of a distribution agreement for the Tapas catheter.
Spectranetics (NSDQ:SPNC) and Thermopeutix are engaged in a full-on legal battle over the Tapas catheter, an infusion system the companies agreed sell using pooled resources in a distribution deal inked in late 2011.
Now Spectranetics is suing San Diego-based Thermopeutix for attempting to cancel the deal. Thermopeutix accused its onetime partner of using the Tapas trademark incorrectly in spiking their deal, according to a regulatory filing.