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Given Inks $2M Preliminary Settlement With Olympus

Law360 (April 21, 2008, 12:00 AM EDT) -- Diagnostic technology company Given Imaging Ltd. has reached a preliminary settlement of its patent dispute with Olympus Corp. over capsule endoscopy products, Given said Monday.

As part of the deal, Olympus would pay Given Imaging $2.33 million and agree to cooperate in future joint market development projects, Given said.

The Israeli medical device developer said the two companies had signed a term sheet outlining a cross-licensing deal under which the parties would exchange licenses, royalty-free, for their respective existing capsule endoscopy products.

Capsule endoscopes are tiny...
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