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Tyco and ALARIS settle patent litigation:

This article was originally published in Clinica

Executive Summary

Tyco Healthcare Group has granted ALARIS Medical a paid-up licence to certain patents in a deal that also settles a patent litigation lawsuit between the two companies. The litigation related to disposable probe covers for use with ALARIS' infrared tympanic thermometers. Financial details were not disclosed. ALARIS, which also makes the IMED and IVAC intravenous infusion therapy systems and the Istromedix cardiac event recorders and pacemaker follow-up systems, will not have to pay any future royalties on patents covered by the agreement. San Diego, California-based ALARIS says a portion of the settlement will be treated as a prepaid licence with the remainder being taken in the third-quarter against previously established reserves.

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