Conceptus Inc. (CPTS) announced Monday morning that it has reached an agreement with Hologic Inc. (HOLX) to settle the ongoing patent infringement litigation related to Hologic's Adiana Permanent Contraception System.
Conceptus rose steadily throughout the first 2 hours of Monday's session, before settling into a range. The stock closed higher by 3.59 at $18.77 on the highest volume of the year. Conceptus surged past resistance and finished at a new high for the year.
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