Cardiac Science announces settlement of patent litigation with Philips.(Brief article)

BIOTECH Patent News, March, 2007

Cardiac Science Corporation (Bothell, WA) announced the settlement of its long-standing patent litigation with Philips.

Under the settlement agreement all claims by each side have been dismissed and each side has been granted rights to the respective defibrillation- technology patents of the other side that were a part of the suit. In addition, Cardiac Science has been granted a perpetual, royalty-free, worldwide license to certain other defibrillation patents of Philips not associated with the suit in exchange for a one-time payment of $1 million.

"We believe that settling this dispute and licensing the additional intellectual property will provide greater benefit than continuing to invest in the highly uncertain litigation process," said John R....

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