Palo Alto – May 17, 2017 – Cooley client Varian Medical Systems Inc, a world leader in radiotherapy medical devices, executed a settlement agreement with Elekta in April 2017.
As noted in Varian’s press release, this agreement resolves a patent dispute involving multiple lawsuits in courts in the US and Europe spanning the past two years, including the suit brought by Elekta AB and William Beaumont Hospital.
The press release also notes that the parties resolved the multi-year disputes “with no payments exchanged by the plaintiffs and defendants and no future financial obligations.” Further details of the settlement agreement are confidential.
According to its 2016 annual report, Varian has the largest footprint in the growing global radiotherapy market, with annual revenues for the oncology business of $2.5 billion. Varian has built the most comprehensive portfolio of products for treating and managing cancer, with equipment for radiotherapy, radiosurgery, brachytherapy and proton therapy, as well as software for coordinating care, planning treatments and managing clinical operations.
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