By: Ben Fox Rubin, Dow Jones
Source: http://online.wsj.com
Category: Patent News
Align Technology Inc. (ALGN) said the U.S. International Trade Commission agreed to investigate allegations of patent infringement by rival clear-braces provider ClearCorrect Operating LLC and ClearCorrect Pakistan Ltd., based on Align's complaint filed last month.
Align, maker of the Invisalign teeth aligners, alleged that ClearCorrect infringed seven Align patents related to methods for planning and implementing orthodontic treatment using aligners.
The ClearCorrect businesses are located in Houston and Pakistan. A ClearCorrect representative wasn't immediately available for comment.
Align's revenue has climbed over the past year as the company begins to integrate its brand-name Invisalign orthodontics products with other tools and procedures used by doctors. The company toward that end acquired privately held Cadent Holdings Inc., a provider of 3D digital scanners for orthodontics and dentistry, for $190 million in cash.
In January, Align said its fourth-quarter profit more than doubled as shipments of its Invisalign braces continued to climb.
Align's shares closed Monday at $28.70 and were inactive after hours. The stock is up 21% year-to-date.
Source: http://online.wsj.com/article/BT-CO-20120402-716374.html
Source: http://online.wsj.com
Category: Patent News
Align Technology Inc. (ALGN) said the U.S. International Trade Commission agreed to investigate allegations of patent infringement by rival clear-braces provider ClearCorrect Operating LLC and ClearCorrect Pakistan Ltd., based on Align's complaint filed last month.
Align, maker of the Invisalign teeth aligners, alleged that ClearCorrect infringed seven Align patents related to methods for planning and implementing orthodontic treatment using aligners.
The ClearCorrect businesses are located in Houston and Pakistan. A ClearCorrect representative wasn't immediately available for comment.
Align's revenue has climbed over the past year as the company begins to integrate its brand-name Invisalign orthodontics products with other tools and procedures used by doctors. The company toward that end acquired privately held Cadent Holdings Inc., a provider of 3D digital scanners for orthodontics and dentistry, for $190 million in cash.
In January, Align said its fourth-quarter profit more than doubled as shipments of its Invisalign braces continued to climb.
Align's shares closed Monday at $28.70 and were inactive after hours. The stock is up 21% year-to-date.
Source: http://online.wsj.com/article/BT-CO-20120402-716374.html
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