Market Overview

Hologic Announces Jury Verdict in Patent Infringement Suit; Will Not Impact Financial Results

Hologic, Inc. (NASDAQ: HOLX)today announced the jury returned a verdict in the patent infringement suit between Hologic and Conceptus, Inc..

On May 22, 2009, Conceptus filed suit in the United States District Court for the Northern District of California (the Court) alleging infringement of five Conceptus patents by the Adiana permanent contraception (Adiana) system. Allegations regarding all but two claims of the asserted patents were previously dismissed from the suit. A trial on the two remaining patent claims took place in October 2011 resulting in a jury verdict in favor of Conceptus.

As a part of this verdict, the jury awarded Conceptus the sum of $18.8 million as damages. Any such payment would have no impact to Hologic's results of operations or financial position since the payment, should it be paid, would be deducted from the contingent consideration otherwise due to former Adiana, Inc. shareholders (the former owners of the Adiana system).

Posted-In: News Legal

 

Related Articles (HOLX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters