Published in Medical Verdicts and Law Weekly, July 5th, 2007
This trend article is an immediate alert from NewsRx to identify the most recent news developments at IRIDEX Corporation.
Report 1: IRIDEX Corporation (NASDAQ:IRIX) announced that it has reached an agreement with Synergetics USA, Inc. (NASDAQ:SURG) settling all outstanding claims against each other in both of their patent litigation suits. The terms of the agreement require payments from Synergetics to IRIDEX totaling $6.5 million over a period of five years. The first payment of $2.5 million by Synergetics is to be paid on April 16, 2007, followed with annual...
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