Sutura settles patent suit with Abbott
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)
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