GE/SonoSite suits settled
This article was originally published in The Gray Sheet
Executive Summary
GE will pay the maker of the MicroMaxx point-of-care ultrasound device $21 million, as well as ongoing royalties until 2016, on U.S. hand-held ultrasound systems that weigh less than 10 pounds, under a settlement announced Oct. 19. In exchange, GE gets rights to SonoSite's U.S. Patent No. 5,722, 412. The agreement settles all pending litigation between the companies, including a GE lawsuit to invalidate the patent (1"The Gray Sheet" July 9, 2007)