financetom
Business
financetom
/
Business
/
Sight Sciences Says it Obtained $34 Million Patent Infringement Verdict Against Alcon -- Shares Jump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sight Sciences Says it Obtained $34 Million Patent Infringement Verdict Against Alcon -- Shares Jump
Apr 29, 2024 8:19 AM

10:51 AM EDT, 04/29/2024 (MT Newswires) -- Sight Sciences ( SGHT ) said Monday it has received a jury trial verdict of $34 million related to the patent-infringement case it filed in September 2021 against Alcon ( ALC ) in the US District Court for the District of Delaware.

The eyecare technology company said that it has asserted that Alcon's ( ALC ) sale of the Hydrus Microstent for glaucoma surgery "infringed three key patents."

The verdict is subject to appeal, Sight Sciences ( SGHT ) said.

Sight Sciences ( SGHT ) shares rose 13.6% in recent trading, while Alcon ( ALC ) was up 0.8%.

Alcon ( ALC ) didn't immediately respond to a request for comment by MT Newswires.

Price: 6.00, Change: +0.72, Percent Change: +13.64

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Disney attacks investor Nelson Peltz's motivations, qualifications
Disney attacks investor Nelson Peltz's motivations, qualifications
Mar 11, 2024
March 11 (Reuters) - Walt Disney ( DIS ) responded on Monday to billionaire Nelson Peltz and his Trian Fund's campaign to win two board seats in a video that attacks the activist shareholder's motivations and qualifications. Trian's campaign, ahead of an annual meeting with board elections next month, describes Disney as an iconic company with irreplaceable entertainment properties that...
PetVivo, ThinkEquity Terminate At-The-Market Offering Deal
PetVivo, ThinkEquity Terminate At-The-Market Offering Deal
Mar 11, 2024
12:00 PM EDT, 03/11/2024 (MT Newswires) -- PetVivo Holdings ( PETV ) said in a Monday filing that the company and ThinkEquity mutually agreed to terminate their at-the-market sales agreement dated August 2023 for the sale of up to $2.5 million of common stock. The company said it issued and sold 674,000 shares of its common stock under the agreement...
Dick's Sporting Goods Positioned for Growth with Margin Improvement, Sales Expansion, Wedbush Says
Dick's Sporting Goods Positioned for Growth with Margin Improvement, Sales Expansion, Wedbush Says
Mar 11, 2024
12:03 PM EDT, 03/11/2024 (MT Newswires) -- Dick's Sporting Goods (DKS) is expected to see positive performance indicators for Q4, including strong comparable sales and earnings per share driven by improved sales and cost-reduction efforts, Wedbush said in a note on Monday. According to Wedbush, the company is increasing its market share and benefitting from its business optimization plan, while...
Update: Fortuna Silver Mines Up 6% As Reports Discovery Of Kingfisher Prospect At Seguela Mine; Details Drill Results From Diamba Sud Project; National Bank Notes 'Encouraging' Intercepts
Update: Fortuna Silver Mines Up 6% As Reports Discovery Of Kingfisher Prospect At Seguela Mine; Details Drill Results From Diamba Sud Project; National Bank Notes 'Encouraging' Intercepts
Mar 11, 2024
11:53 AM EDT, 03/11/2024 (MT Newswires) -- Fortuna Silver Mines Inc. ( FSM ) reported Monday the discovery of the new Kingfisher prospect at the Seguela mine in Cote d'Ivoire. Drill highlights from the Kingfisher prospect include 5.2 g/t gold over 8.4 meters, 1.9 g/t gold over 17.5 meters and 2.9 g/t gold over 19.6 meters. The results were from...
Copyright 2023-2026 - www.financetom.com All Rights Reserved