AMERICAN MEDICAL SYSTEMS SIGNS CROSS-LICENSING AGREEMENT WITH CALDERA MEDICAL
American Medical Systems Holdings, Inc. and Caldera Medical, Inc. today announced that they have entered into a settlement and cross-license agreement. AMS filed suit against Caldera in November 2005 claiming that Caldera infringed on certain patents related to treating stress urinary incontinence. The companies have entered into a restricted, royalty bearing cross-license agreement that covers a broad intellectual property portfolio of both incontinence and prolapse technologies, allowing each company to focus upon providing solutions to patients. The cross-license restriction relates to the ability for the companies to protect the uniqueness of their products. AMS has subsequently dismissed the suit.
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