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: Philip Brooks’ Patent Infringement UpdatesOraSure Technologies Announces Settlement of Patent Infringement Lawsuit
By Philip Brooks
The following is excerpted from an OraSure press release published by GlobeNewswire on November 19, 2009 and available at The Wall Street Journal's Market Watch:
OraSure Technologies, Inc. (OSUR) today announced the settlement of the patent infringement lawsuit filed against OraSure by Inverness Medical Innovations, Inc. (IMA) , Inverness Medical Switzerland GmbH and Church & Dwight, Co., Inc. (CHD) .
Under the settlement, OraSure has agreed to pay Inverness a sum of $3,000,000 in cash and Inverness has agreed to grant OraSure certain licenses to its lateral flow patents. In addition, each party has received distribution rights to certain products supplied by the other party.
Terms of the settlement are available here.
Full post as published by Philip Brooks’ Patent Infringement Updates on November 20, 2009 (boomark / email).
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