Patent Law

Vision Correction

By Gary Odom and Jordan Kuhn

CIBA Vision, maker of extended-wear contact lenses, was short-sighted: its ophthalmologist, Rembrandt Vision Technologies, corrected CIBA's vision. The tab was $41 million. That's a 6+% royalty for past sales of contact lenses infringing 5,712,327, which claims contact lenses with superior water absorption. Rembrandt now has superior lucre absorption.

Bausch & Lomb had previously settled in the same suit. Patent Troll Tracker has an interesting tale of the B&L settlement agreement.

Full post as published by The Patent Prospector on February 09, 2008 (boomark / email).