Brief: Angiodynamics Announces Settlement Of All Patent Litigation With C.R. Bard, Inc.

AngioDynamics

01/04/2024 23:24

April 1 (Reuters) - AngioDynamics Inc  ANGO.O :
    * ANGIODYNAMICS ANNOUNCES SETTLEMENT OF ALL PATENT
LITIGATION WITH
C.R. BARD, INC.
    * ANGIODYNAMICS: GOT INTO SETTLEMENT AGREEMENT WITH BECTON,
DICKINSON AND COMPANY TO RESOLVE ALL OUTSTANDING PATENT
LITIGATION WITH C.R. BARD, INC.
    * ANGIODYNAMICS: BD TO GRANT LICENSE TO CO UNDER SOME OF
BD'S PORT
PATENTS, CO TO GRANT BD LICENSE UNDER SOME OF CO'S CATHETER
PATENTS
    * ANGIODYNAMICS INC: WILL MAKE A ONE-TIME LUMP SUM PAYMENT
TO BD
IN AMOUNT OF $7 MILLION
    * ANGIODYNAMICS INC: WILL ALSO MAKE SIX MINIMUM ANNUAL
PAYMENTS TO
BD OF $2.5 MILLION THROUGH FEBRUARY 2029
    * ANGIODYNAMICS: TO MAKE POTENTIAL EXTRA PAYMENTS TO BD IF 
6% OF
ANNUAL NET SALES OF CO'S PORT PRODUCTS EXCEED MINIMUM PAYMENT

Source text for Eikon:  ID:nBw2cltgha 
Further company coverage:  ANGO.O 

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