Synergetics is a supplier of precision microsurgery instrumentation. The agreements also settle all litigation between Synergetics and Alcon.

As provided by the settlement & license agreement and supply agreement, Alcon will pay Synergetics approximately $32m for the right to sell certain Synergetics’ patented products worldwide and to settle all pending litigation between the companies, said Alcon.

These agreements also provide for the resolution of any future disputes through a well-defined mediation process.

Robert Dick, chairman of the Synergetics’ board, said: “We are pleased to be able to enter into a long term business relationship with Alcon, and settle all litigation between the companies. Synergetics welcomes the opportunity to work with Alcon to provide ophthalmic surgeons throughout the world with select instruments to enhance their armamentarium in the treatment of vitreoretinal diseases.”

Will Synergetics benefit with the supply of products to Alcon?

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