Align Technology, Straumann Group terminate discussions concerning a possible development, distribution agreement

14Jun - by Editor - 0 - In STL.News

Straumann To Pay Align an Additional $16 Million to Complete Patent Settlement

SAN JOSE, CA (STL.News) – Align Technology, Inc. (NASDAQ: ALGN) and Straumann Group today announced that they have terminated discussions regarding a possible development and distribution agreement that was disclosed as part of the patent settlement agreement announced by the two companies in March.  As a result, Straumann will pay Align an additional $16 million in lieu of the development and distribution agreement.

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