Surprise Twist For Patent Dispute Over Medical Devices

Law360, New York (February 24, 2006, 12:00 AM EST) -- In an unusual twist, Inverness Medical Innovations Inc. has agreed to purchase ACON Laboratories’ key medical diagnostic business for $175 million, putting an end to the long-simmering patent infringement battle initiated by the medical device maker almost three years ago.

Inverness announced the deal on Friday, marking one of the rare times that a patent dispute has been resolved by the plaintiff agreeing to acquire the defendant’s crucial business.

"By acquiring the majority of the rapid diagnostic test business of ACON, we are adding significant revenues...
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