MONTREAL, Feb. 13, 2018 (GLOBE NEWSWIRE) -- I-MED Pharma Inc., announced today that TearLab’s efforts to keep the I-PEN® Osmolarity System off the market proved unsuccessful. I-MED Pharma wins patent case against TearLab, with costs awarded to I-MED.
In February 2016, TearLab brought a suit in the Federal Court of Canada alleging that the I-PEN® sold in Canada by I-MED Pharma infringed Canadian Patent No. 2,494,540. TearLab sells the TearLab Osmolarity System in Canada. TearLab sought a permanent injunction to keep the I-PEN® off the market as well as damages.
On February 12, 2018, the Court found in I-MED Pharma’s favour. I-MED successfully invalidated each and every claim of the Patent that TearLab relied upon to block the sale of the I-PEN® in Canada. The Court awarded costs in favour of I-MED Pharma.
“This is a very important win for us” said Daniel Hofmann, CEO of I-MED. “Our patented I-PEN® device responds to a market need for an affordable, reliable, efficient hand-held device for use by eye-care professionals when diagnosing and monitoring dry eye disease. We invested significant time and resources in order to deliver an innovative and game changing product to our customers. Our market share is growing as more eye-care professionals realize the benefits of the I-PEN®. Rather than compete fairly with us in the marketplace, TearLab commenced a lawsuit seeking to keep us off the market. Today’s judgement affirms our right to sell the I-PEN® and compete freely in the marketplace. The patent claims that TearLab sought to rely upon to shield their TearLab Osmolarity System from competition, have now been invalidated by the Court.”
Findings by the Court include:
Dr. Sullivan, Inventor and Chief Scientific Officer of TearLab:
The Claims in the Patent that TearLab Alleged were Infringed are All Invalid:
I-MED Pharma Inc. is a privately held Canadian company, headquartered in Montreal, Quebec, servicing Canadian ophthalmologists, optometrists and the global eye care community. Established almost thirty years ago, I-MED Pharma creates and distributes innovative medical, surgical and veterinary eye care products worldwide. It continually researches, develops and sources the most effective and advanced solutions to eye disorders like cataracts, corneal degeneration, dry eye, glaucoma and Meibomian gland disease.
I-MED Pharma is proud to have been at the forefront of treating Dry Eye Syndrome as a serious disease and invests heavily into education and developing effective dry eye products. I-MED Pharma’s ocular surface disease product range includes diagnostic tools, ocular hygiene, nutrition, dry eye drops and ocular occlusion devices.
For further information, or for a copy of the full judgment, please contact I-MED Pharma at media@imedpharma.com. For further information on I-MED Pharma, please visit www.imedpharma.com.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9e4c7695-0adf-443f-b28f-52d13059969d