Cordlife agrees to settle lawsuit with Cryoviva over intellectual property infringement
Singapore-listed cord blood bank Cordlife Group said on Monday it has reached an "amicable settlement" with competitor Cryoviva Singapore over a lawsuit Cordlife filed against Cryoviva last week.
Cordlife had filed a suit in Singapore's High Court against Cryoviva for allegedly passing off and infringing Cordlife's registered trademarks and copyrights.
Cordlife also filed an application to seek an injunction to, among other things, restrain Cryoviva from continual infringement of Cordlife's intellectual property rights.
In response, Cryoviva agreed to pay Cordlife damages for trade mark and copyright infringement relating to Cryoviva's trial and actual websites.