litigation
confidence high
sentiment positive
materiality 0.80
Sight Sciences secures court order preserving willful-infringement verdict against Alcon; $34M award plus royalties
Sight Sciences, Inc.
- Order upholds jury finding that Alcon willfully infringed three Sight Sciences patents.
- Past damages of $34M ($5.5M lost profits + $28.5M royalties) plus supplemental damages and interest.
- Ongoing royalty of 10% of Hydrus revenue through November 10, 2028 (last patent expiry).
- Final judgment expected in months; subject to appeal and possible USPTO reexamination impact.
- Company to record $5.4M success fee to Cooley LLP, excluded from non-GAAP operating expenses.
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