Tuesday, June 12, 2007

SpectRx says will drop lawsuit against Abbott Labs

(Reuters) - As part of the settlement agreement, Abbott will forgive approximately $5.6 million in debt it claimed was in default, SpectRx said in a filing with the Securities and Exchange Commission.



The disputes arose from a research, development and license agreement, which was terminated in January 2003 with neither party admitting any liability or wrongdoing, the company said.


Read more at Reuters.com Government Filings News

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