Diagnostic Kits/Morrison and Foerster Represents ACON Laboratories in $175 Million Acquisition by Inverness Medical Innovations
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Morrison & Foerster : Legal Updates & News : Press Releases : Morrison & Foerster Represents ACON Laboratories in $175 Million Acquisition by Inverness Medical Innovations, Resolving Patent Litigation Between the Two Companies Over Rapid Diagnostic Techno. Available at: http://www.mofo.com/news/media/files/pr02058.html [Accessed August 5, 2009].
- Morrison & Foerster, 2006 - This Morrison & Foerster press release announces the outcome of litigation between ACON Laboratories and Inverness Medical Innovations. A settlement resulted in Inverness Medical Innovations, Inc. acquiring ACON Laboratory’s rapid diagnostics business for $175 million. This ended the three year legal battle. Acquisition is a rare form of settlement and an indicator of the difficulties faced in settling infringement cases for diagnostic kits.