Sutura settles patent suit with Abbott

martedì 4 dicembre 2007 15:11

Dec 4 (Reuters) - Medical device company Sutura Inc SUTU.OB said it settled a patent infringement lawsuit with Abbott Laboratories Inc (ABT.N: Quotazione) and will receive $23 million under the agreement.

The settlement provides for a cross license of the Hathaway patents licensed to Abbott by Indiana University, and the Sutura Nobles patents, it said in a statement. (Reporting by Anant Vijay Kala in Bangalore; Editing by Amitha Rajan)