Tandem settles patent disputes with Roche, agrees to pay $36M over five years

TANDEM DIABETES CARE INC

Settlement resolves pending patent actions in France and Germany regarding t:slim X2 pump and two EP patents.
Total consideration $36M; initial $8M payment due, remainder in four equal annual installments.
Parties exchange non-exclusive, non-royalty-bearing cross-licenses to insulin delivery system patents for 10 years.
Tandem and Roche mutually release claims and covenant not to sue related to the disputed patents.

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