Collidion Announces Settlement of Sonoma Litigation
PETALUMA, Calif., Nov. 12, 2018
PETALUMA, Calif., Nov. 12, 2018 /PRNewswire/ -- Sonoma Pharmaceuticals, Inc. ("Sonoma") and Collidion Inc. ("Collidion") have today announced agreement to settle Sonoma's claims of trade secret misappropriation and breaches of fiduciary duty against Collidion and certain of Collidion's employees.
In 2017, Sonoma filed a lawsuit against Collidion, Hojabr Alimi, Sameer Harish, and Monica Shaffer in federal district court, alleging the misappropriation of its trade secrets and confidential and proprietary information relating to hypochlorous acid products. As part of the settlement, Sonoma will dismiss this legal action without any admission of wrongdoing by any Defendant. There has been no finding of wrongdoing against any defendant. The agreement is to the satisfaction of all parties, but the terms of the settlement are otherwise being kept confidential.
Collidion, Inc. was founded in 2015 to improve the future of global healthcare through the delivery of innovative solutions that address significant unmet medical needs facing patient care. Collidion operates through subsidiaries, which we support through the infusion of capital, operational guidance, intellectual property and portfolio management, and commercial & business development expertise.
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Awayk Health, LLC., provides a platform of services for patients with sleep apnea, from screening, testing, to treatment and compliance. Under distribution agreements with Philips Respironics and other manufacturers, Awayk provides CPAP machines directly to patients. Awayk has plans to commercialize Spectrum's proprietary products for the daily cleansing and disinfection of CPAP machines.
SOURCE Collidion, Inc.