50 of the Top 250 law firms use our Products every day
|
EXHIBIT
99.1
FOR IMMEDIATE RELEASE
CONTACT:
Richard
Current
Neogen VP &
CFO
517/372-9200
Neogen acquires assets
of Rivard Instruments
LANSING, Mich., Dec. 4, 2007 —
Neogen Corporation (Nasdaq: NEOG) announced today that it has
acquired the assets of Rivard Instruments, Inc., of Winnipeg,
Canada. Rivard Instruments and Neogen’s subsidiary, Ideal
Instruments, Inc., are both manufacturers of detectable veterinary
hypodermic needles.
The acquisition settles lengthy
litigation between the two companies regarding numerous patents
owned by each. The patent battles were centered on lawsuits filed
by Ideal Instruments in federal courts in Iowa charging Rivard
Instruments with patent infringement. A similar lawsuit in Canada
was also settled as a part of this acquisition
agreement.
Ideal Instruments and Rivard Instruments
collectively own patents protecting the manufacturing and marketing
of detectable veterinary hypodermic needles specially designed to
reduce breakage during animal injections. The major
advantage
|