By : Ben Fox Rubin
Source : http://online.wsj.com
Category : Patent Infringement
Procter & Gamble Co. (PG) said it filed a lawsuit against Team Technologies Inc., a privately held maker of dental and medical products, alleging unauthorized use of patented P&G technologies.
P&G, a consumer-products giant, alleged that certain patents related to its Crest Whitestrips teeth-whitening products were infringed by Team Technologies' Oral Care Whitening Dental Strips and Ultra Whitening Strips.
"P&G has made significant investments in the innovations behind our Crest Whitestrips products. We treat infringements of our intellectual property rights protecting these innovations very seriously," Deborah P. Majoras, P&G chief legal officer, said. "By filing a lawsuit against Team Technologies, we are taking steps to protect this investment and our business."
A Team Technologies representative wasn't immediately available for comment. The company is a custom manufacturer of dental, medical, cosmetic and industrial products.
P&G--the maker of Bounty paper towels, Pampers diapers and other household staples--is embarking on a major cost-cutting effort to slim down its ranks and place a heavier focus on emerging markets, where it is seeing most of its sales growth.
Also Friday, P&G said it is buying the remaining 50% stake of a joint venture with Spain's Agrolimen Group for $1 billion, a move P&G said fits with its recent strategy shift to focus on its largest businesses such as feminine-care and baby-care products.
In April, the company said its fiscal third-quarter earnings fell as it saw higher commodity costs and charges tied to its massive restructuring plan damp results.
Shares recently were down 25 cents at $64.66. The stock is down 3.1% so far this year.
Source : http://online.wsj.com/article/BT-CO-20120720-710037.html