Align Technology Inc. (ALGN) announced Monday morning that it reached a settlement with Ormco Corp., a subsidiary of Danaher Corporation (DHR), to end all pending litigation between the parties and to begin a new strategic collaboration.
Align Technology gapped up at the open Monday and climbed for the bulk of the session. Shares finished higher by $2.87 at $13.00 on strong volume. The stock closed challenging resistance, trading at an 11-month high.
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