Allergan and Staar Surgical settle lawsuit.IRVINE, Calif.--(BUSINESS WIRE)--Sept. 12, 1996--Allergan Inc. (NYSE NYSE See: New York Stock Exchange :AGN) on Thursday announced that Allergan and Microtech have reached a settlement with Staar Surgical Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :STAA STAA Surface Transportation Assistance Act of 1982 STAA Short Term Assignment Allowance ) in a patent infringement lawsuit filed by Allergan Medical Optics (AMO) and Microtech Inc. against Staar and a separate state court action license dispute filed by AMO and Allergan against Staar. The patent infringement suit, which was filed in 1992 in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Central District of California, alleged Staar was infringing U.S. Patent No. 4,681,102 (the Bartell patent). The Bartell patent, which is owned by Microtech and exclusively licensed to AMO, covers a surgical injector device for the insertion of intraocular lenses following cataract removal. Staar signed a Final Consent Judgment and received a license to the Bartell patent on terms that were not disclosed. The state court action was also settled on terms that were not disclosed. "This settlement confirms the enforceability of the Bartell IOL IOL Intraocular lens, see there inserter patent and amicably settles all litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. between Allergan and Staar," said Francis R. Tunney Jr., Esq., general counsel of Allergan. Allergan, with headquarters in Irvine, is a technology-driven, global health care company focused on specialty pharmaceutical products for specific disease areas that deliver value to customers, satisfy unmet medical needs and improve patients' lives. CONTACT: Allergan Inc., Irvine Jeff D'Eliscu, 714/246-4636 (office) 714/675-9475 (home) |
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