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Acacia Biosciences Subsidiary Enters into License Agreement with Edwards Lifesciences (EW)


2/13/2009 7:19:14 AM

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG - News) announced today that its Cardio Access LLC subsidiary has entered into a license agreement with Edwards Lifesciences covering a patent relating to certain medical devices. The technology generally relates to devices known as cannulae having multiple access port legs and at least one hemostatic valve which are adapted for insertion of various catheters into the body. The agreement resolves litigation pending in the United States District Court for the Eastern District of Texas with respect to certain Edwards products.

Acacia Research’s subsidiaries develop, acquire, and license patented technologies. Acacia Research’s subsidiaries control over 100 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.

Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

Contact:

Acacia Research Corporation Rob Stewart Investor Relations Tel: 949-480-8300 Fax: 949-480-8301

Read at BioSpace.com

   

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