Lumenis, Alma Settle Patent Suit

Medical laser company Lumenis Ltd. and Alma Lasers Ltd., a laser, light-based, radiofrequency and ultrasound devices provider, announced their patent suit settlement that was pending in US District Court in Chicago.

Under the agreement, Lumenis has granted Alma a license to its complete patent portfolio for use with respect to all of Alma’s products in the aesthetic field. Alma will pay Lumenis $6.5 million for the license.

The settlement does not include the lawsuits currently pending in the Israeli courts against Alma Ltd. and its founders for misappropriation of trade secrets and unjust enrichment, which cases are continuing.

For more information, visit: www.lumenis.com