Strategene Gives Up Fight With Third Wave

Law360, New York (January 30, 2007, 12:00 AM EST) -- After years of battling over genetic testing patents, molecular diagnostics company Stratagene Corp. has agreed to fork over $10.75 million to rival Third Wave Technologies Inc. as part of an out-of-court legal settlement.

The pair revealed the news on Tuesday, finally agreeing to bury the hatchet in their longstanding patent infringement litigation over the technology used in genetic testing.

"We're pleased to resolve this outstanding legal matter in a manner benefiting both companies," said Dr. Joseph A. Sorge, chairman and chief executive officer of Stratagene. “The...
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