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News

Advanced Medical Optic agrees patent cross-licensing deal with Alcon

Advanced Medical Optics : 25 June, 2008  (Company News)
Advanced Medical Optic has entered into a patent cross-licensing agreement with Alcon relating to lubricious coatings for intraocular lens (IOL) inserters and one-piece IOL haptic designs.
AMO is granting a license to Alcon to AMO’s US Patent Nos 5,803,925, entitled ‘IOL Insertion Apparatus with Covalently Bonded Lubricant’, and 5,716,364, entitled ‘IOL Insertion Apparatus and Method for Making and Using Same’, and related foreign patents.

Alcon is granting AMO a license to Alcon’s US Patent No. 5,716,403, entitled ‘Single Piece Foldable Intraocular Lens’, and related foreign patents, in so far as they relate to AMO’s newly-launched Tecnis One-Piece Intraocular Lens. As part of this cross-license agreement, Alcon will make a payment to AMO of $31 million and AMO will make a payment to Alcon of $10 million.
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