Becton, Dickinson (BDX) Enters Patent Settlement with Gen-Probe

December 4, 2012 7:28 AM EST
On December 1, 2012, Becton, Dickinson and Company (NYSE: BDX) signed a definitive settlement agreement with Gen-Probe in the action before the U.S. District Court for the Southern District of California. Under the settlement, BD is granted a license to make, use and sell products accused of infringing Gen-Probe patents in the action.

The payments that BD will make to Gen-Probe under the settlement, which include an upfront payment and ongoing royalties, are not material to BD, and the parties have requested that the Court dismiss the action.

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