Marketing and Licensing Agreements
OraSure Technologies Announces Results of Arbitration With Prestige Brands
Published in Law and Health Weekly, November 10th, 2007
OraSure Technologies, Inc. (NASDAQ:OSUR) announced the results of its arbitration with Prestige Brands Holdings, Inc (NYSE:PBH). Since April 2003, Prestige has exclusively distributed OraSure's cryosurgical wart removal product in the United States over-the-counter or retail ("OTC") market under the Compound W Freeze Off(R) tradename. The arbitration arose after Prestige acquired the Wartner(R) cryosurgical wart removal product line in September 2006. Wartner(R) competes directly in the domestic OTC market against the Freeze Off(TM) product, in violation of a non-compete provision contained in the parties' distribution agreement.
The arbitration panel has concluded that...
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