Marathon Patent Group's Wholly-Owned Subsidiaries MedTech Development Deutschland GmbH and Orthophoenix LLC Enter Into Settlement and License Agreement
LOS ANGELES, CA -- (Marketwired) -- 06/09/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that its wholly-owned subsidiaries, MedTech Development Deutschland GmbH and Orthophoenix LLC, entered into settlement and license agreement. Due to a confidentiality agreement, the licensee may not be disclosed by name.
The consideration to be paid to MedTech Development Deutschland GmbH and Orthophoenix LLC and all other commercial terms of the license agreement are confidential.
The licensed patents include the German parts of European patent EP 1 938 765 B1 and EP 1 104 260 B2, both of which have been asserted in Germany and relate to medical devices involved in kyphoplasty surgery.
The Orthophoenix portfolio consists of patents, which relate to the treatment of bones including fractured and diseased bone elements. Claims coverage includes discharging a material into a bone cavity such that the bone assumes an expanded geometry. In addition to claims covering discharging a material into a bone structure the portfolio included additional patents and associated claims which address bone treatments in which an expandable structure is introduced into a collapsed bone and subsequently manipulated such that the structure forms an expanded geometry inside the bone. Exemplary patents in this portfolio include U.S. Patents 6,248,110, 6,280,456, 6,440,138, 7,044,954, and 6,863,672 with additional foreign patent grants providing International coverage.
About Marathon Patent Group
Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon's strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.
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Marathon Patent Group
Source: Marathon Patent Group
Released June 9, 2015