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Thursday / February 22.
HomeminewsAlcon, J&J Resolve Dispute with US $199m Payment

Alcon, J&J Resolve Dispute with US $199m Payment

Alcon Inc has reached a settlement agreement with J&J Surgical Vision to resolve their legal proceedings regarding femtosecond laser-assisted cataract surgery devices, including Alcon’s LenSx device.

Alcon acquired the LenSx device as part of its purchase of LenSx Lasers in 2010. As part of the resolution, the parties have exchanged cross-licenses of certain intellectual property and other mutually agreed covenants and releases, and Alcon will make a one-time payment to J&J Surgical Vision, Inc. of US$99 million for those rights and to resolve various worldwide intellectual property disputes relating to this matter.