Friday, November 13, 2009

LecTec Corporation and Endo Pharmaceuticals Inc. Settle Patent Dispute

Nov 11, 2009 - LecTec Corporation announced today that it has reached a settlement with Endo Pharmaceuticals Inc. on outstanding patent litigation related to LecTec's U.S. Patent Nos. 5,536,263 and 5,741,510. Endo Pharmaceuticals has agreed to make a one–time, $23 million payment for the exclusive license to these two patents for use in the field of prescription pain medicines and treatment.

the details can be read here.

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