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IMPAIRMENT OF ROYALTIES BUYOUT
9 Months Ended
Sep. 30, 2015
Asset Impairment Charges [Abstract]  
IMPAIRMENT OF ROYALTIES BUYOUT

NOTE 8– IMPAIRMENT OF ROYALTIES BUYOUT

 

During the nine month period ended September 30, 2015 the Company recorded expenses related to the impairment of our royalties buyout asset amounting to $576,000 due to anticipated lower sales of MGuard Prime in the future resulting from industry preferences for drug eluting stents. The expense is recorded under “Restructuring and impairment expenses” in the consolidated statements of operations.