Atossa Genetics (ATOS), Besins Healthcare Enter Litigation Settlement

Go back to Atossa Genetics (ATOS), Besins Healthcare Enter Litigation Settlement

Atossa Genetics Settles Litigation With Besins Healthcare

August 5, 2016 8:00 AM EDT

SEATTLE, WA -- (Marketwired) -- 08/05/16 -- Atossa Genetics, Inc. (NASDAQ: ATOS) and Besins Healthcare Luxembourg SARL ("Besins") have agreed, pursuant to a Termination Agreement dated August 4, 2016, to terminate their Intellectual Property License Agreement dated May 14, 2015 (the "License Agreement"), dismiss the legal action relating to the License Agreement pending in the United States District Court for the District of Delaware captioned Atossa Genetics, Inc. v. Besins Healthcare Luxembourg SARL, Case No. 1:16-cv-00045-UNA (the "Litigation"), and settle all claims and counterclaims asserted in the Litigation. Atossa and Besins have further agreed, pursuant to and... More