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Sutura Settles Patent Infringement Lawsuit With Abbott Laboratories

December 4, 2007

Sutura, Inc., a California-based medical device company, announced that it has settled a patent infringement lawsuit it had against Abbott Laboratories. The settlement provides for a cross license of the Hathaway patents, licensed to Abbott by Indiana University, and the Sutura Nobles patents. In addition, Abbott has agreed to pay Sutura $23 million as part of the settlement agreement.
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