Alcon to Pay Johnson & Johnson $199 Million to Settle Eye-Laser Cases

Alcon to Pay Johnson & Johnson $199 Million to Settle Eye-Laser Cases
The Johnson & Johnson logo on a screen on the floor of the New York Stock Exchange in New York on May 29, 2019. Brendan McDermid/Reuters
Reuters
Updated:

Alcon Vision LLC will pay Johnson & Johnson’s J&J Surgical Vision Inc. $199 million to settle legal battles over intellectual property related to the companies’ laser eye-surgery devices, Alcon said in a press release on Sunday.

Alcon said the one-time payment would resolve “various worldwide intellectual property disputes” and that the companies had reached a cross-licensing agreement.