Wells Fargo charges Abbott (ABT) and DexCom (DXCM) revealed that on December 20, they settled and entered right into a cross-licensing settlement to resolve all pending patent disputes in the US and Europe for 10 years. Beneath the phrases of the settlement, the 2 corporations have granted one another a worldwide, royalty-free, non-exclusive, absolutely paid-up license to sure patents and patent purposes regarding analyte detection, together with all asserted patents. within the context of the dispute. The corporate anticipated the events to finally attain an settlement, so this announcement isn’t a whole shock.
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