11:21 AM EDT, 04/29/2024 (MT Newswires) -- (Updates with Alcon's ( ALC ) reply in the fourth paragraph and current stock movement in the fifth paragraph.)

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.

"We are disappointed in the verdict and intend to appeal the decision," an Alcon ( ALC ) spokesperson told MT Newswires.

Sight Sciences ( SGHT ) shares were rising past 13.6% in recent trading, and Alcon ( ALC ) was up 0.6%.

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