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Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:03 EDTHSIC, SIROHenry Schein acquires Sirona Direct Distribution in Paris
Henry Schein (HSIC) announced that it has acquired Sirona Direct, the France dental distribution business of Sirona Dental (SIRO). With sales of approximately $14M, Sirona Direct is the exclusive distributor of dental equipment for Sirona Dental Systems in Paris and Normandy. In addition to its acquisition of Sirona Direct, Henry Schein has entered into an exclusive distribution agreement with Sirona Dental Systems for the promotion and distribution of Sirona's full line of dental equipment, including the CEREC CAD/CAM system, to practitioners in most of France, including the Paris region. Financial terms of the transactions were not disclosed. Henry Schein expects the transactions to be neutral to its earnings per share for the balance of 2014.
News For HSIC;SIRO From The Last 14 Days
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May 19, 2015
09:01 EDTSIROSirona Dental, OnDemand 3D enter into settlement, license agreement
Sirona and OnDemand 3D Technology announced that the companies have entered into a settlement and license agreement to resolve the pending litigation concerning Sirona’s U.S. Patent No. 6,319,006, which covers methods of planning dental surgical drill guides. OnDemand 3D has agreed to an up-front payment and ongoing royalties to Sirona. Under the agreement, OnDemand acknowledges both the validity of Sirona’s patent and also the infringement of the OnDemand In2Guide product. Sirona has granted OnDemand a limited license to use a modified version of its In2Guide to plan a dental surgical drill guide that must be fabricated at a central facility, but is restricted from using the software to plan the fabrication of a chairside surgical drill guide.

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