Brief: Paragon 28 Inc - On November 28, 2022, The Company Entered Into A Settlement Agreement With Stryker Corp

Paragon 28

01/12/2022 13:16

Dec 1 (Reuters) - Paragon 28 Inc  FNA.N :
    * PARAGON 28 INC -  ON NOVEMBER 28, 2022, THE COMPANY
ENTERED INTO
A SETTLEMENT AGREEMENT WITH STRYKER CORP
    * PARAGON 28 INC -  CO PAID $26.0 MILLION TO STRYKER CORP
UNDER
AGREEMENT TO SETTLE COLORADO COMPLAINT, DELAWARE COMPLAINT AND
ANY COMPANY COUNTER CLAIMS
    * PARAGON 28 INC -  SETTLEMENT AMOUNT IS THE ONLY
CONSIDERATION
BEING PAID, AND COMPANY IS NOT REQUIRED TO MAKE ANY FUTURE
PAYMENTS TO STRYKER CORP
    * PARAGON 28-SETTLEMENT AGREEMENT DOES NOT IMPACT ABILITY TO
CONTINUE OPERATING BUSINESS, DOES NOT REQUIRE ANY CHANGES TO
CO’S EXISTING PRODUCT LINES

Further company coverage:  FNA.N 
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