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February 9, 2008
Vision Correction
CIBA
Vision, maker of extended-wear contact lenses, was short-sighted: its
ophthalmologist, Rembrandt Vision Technologies, corrected CIBA's vision. The tab
was $41 million. That's a 6+% royalty for past sales of contact lenses
infringing
5,712,327, which claims contact lenses with superior water absorption.
Rembrandt now has superior lucre absorption.
Bausch & Lomb had previously settled in the same suit. Patent Troll Tracker has an interesting tale of the B&L settlement agreement.
Posted by Patent Hawk at February 9, 2008 1:17 PM | Damages