Women's Health Weekly
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Business Update
Company announces arbitration panel decision in royalty dispute with DEKA
April 14th, 2005
Cytyc Corp. (CYTC), a women's health company, announced that an arbitration panel issued a partial final award regarding the payment of royalties pursuant to a 1993 licensing agreement relating to its ThinPrep Pap Test products. This partial final award established the products upon which a royalty of 1% is due, but reserved decision on the exact amount of the final award of past royalties until both parties have submitted royalty calculations to the panel. In a dispute with DEKA Products, Ltd., Partnership (DEKA), which was subject to binding arbitration, Cytyc contended that the terms of the license required payment of a 1% royalty only on the...
Source: Women's Health Weekly (2005-04-14)
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