CooperVision, Ciba Settle Contact Lens Dispute

Law360, New York (November 21, 2007, 12:00 AM EST) -- CooperVision Inc. and Novartis AG unit Ciba Vision Corp. announced on Wednesday that they have settled all litigation between them over patents related to contact lenses, agreeing to license several disputed technologies to one another.

“We are pleased with this agreement,” said Robert Weiss, Cooper’s CEO. “It allows us to focus on meeting the needs of eye care professionals and consumers by eliminating the distraction of litigation.”

“We expect this settlement to be accretive in FY 2008 when comparing anticipated royalty payments versus the potential costs...
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