Straumann to pay Align $35M in patent dispute settlement: 4 things to know

Straumann Group subsidiary ClearCorrect and Align Technology have reached a settlement over patent disputes in the U.S., U.K. and Brazil.

Four things to know:

1. Per the agreement, Straumann will pay Align $35 million.

2. The two companies have signed a nonbinding letter of intent for a five-year global development and distribution agreement in which Straumann will distribute 5,000 iTero Element scanners.

3. Align and Straumann are discussing the possibility of offering iTero users access to Straumann's prosthetic and surgical planning platforms.

4. If the companies do not enter the development and distribution agreement with 90 days of the settlement effective day, Straumann will pay Align an additional $16 million.

More articles on dental:
Aspen Dental to bring 400 jobs to Arizona, to open 80 new offices in 2019
Washington state dental assistant suspended for using nitrous oxide on the job, health department says
Texas sets aside $20M for new dental school

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

Featured Learning Opportunities

Featured Podcast