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IRIDEX Corporation

IRIDEX Corporation provides information on its latest news and research developments

Published in Medical Verdicts and Law Weekly, July 5th, 2007

IRIDEX Corporation provides information on its latest news and research developments.

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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