Morrison & Foerster, 2006 - This Morrison & Foerster press release announces the outcome of litigation between ACON Laboratories and Inverness Medical Innovations. A settlement resulted in Inverness Medical Innovations, Inc. acquiring ACON Laboratory’s rapid diagnostics business for $175 million. This ended the three year legal battle. Acquisition is a rare form of settlement and an indicator of the difficulties faced in settling infringement cases for diagnostic kits.

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Diagnostic Kits/Morrison