Align Technology Inc and Straumann Group announced that they have terminated discussions regarding a possible development and distribution agreement that was disclosed as part of the patent settlement agreement announced by the two companies in March.
As a result, Straumann will pay Align an additional $16 million in lieu of the development and distribution agreement, according to a press release from Align.
The settlement between Align and Straumann brought an end to outstanding patent disputes in the United States, the United Kingdom, and Brazil, including those involving ClearCorrect, a subsidiary of Straumann.
As part of this settlement, Align and Straumann signed a non-binding letter of intent for a 5-year global development and distribution agreement whereby Straumann would distribute 5,000 iTero Element scanners which would be fully integrated into the Straumann/Dental Wings CARES/DWOS workflow.
The parties reportedly also considered exploring the possibility of offering existing iTero users access to Straumann’s prosthetic and surgical planning workflows.
