Acacia Research Unit Signs Agreement With Smith & Nephew Inc. - Quick Facts

(RTTNews) - Acacia Research Corp. (ACTG) said its Bonutti Skeletal Innovations LLC subsidiary has reached an agreement with Smith & Nephew, Inc. The agreement resolves lawsuit pertaining to suture anchors that was pending in the United States District Court for theDistrict of Delaware.

Founded in 1993, Acacia Research, being an intermediary in the patent marketplace, partners with inventors and patent owners to unlock the financial value in their patented inventions. Acacia bridges the gap between invention and application, facilitating efficiency and delivering monetary rewards to the patent owner.