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 Johnson & Johnson covering a 1993 patent relating to medical devices. The agreement resolves litigation that was pending in the United States District Court for the Eastern District of Texas with respect to certain Ethicon, Inc. (a Johnson & Johnson subsidiary) products.
The technology generally relates to medical devices known as cannulae having multiple access port legs and at least one hemostatic valve, which are adapted for percutaneous insertion of various catheters into the bodies of patients.
ABOUT ACACIA RESEARCH CORPORATION
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 Investor Relations Rob Stewart, 949-480-8300 Fax (949) 480-8301
Source: Acacia Research Corporation
