MMRGlobal And Walgreen Reach Settlement And Licensing Agreement

(RTTNews) - MMRGlobal Inc. (MMRF.OB) said that the company, through its wholly owned subsidiary MyMedicalRecords Inc, and Walgreen Co. (WAG) have entered into a Settlement and Licensing Agreement to resolve two patent infringement lawsuits brought by MMR.

As per to the terms of the Agreement, Walgreens purchased a Non-Exclusive License to the MMR family of patents.

The settlement arises from litigation involving MMR's U.S. Patent No. 8,301,466 and U.S. Patent No. 8,498,883. MMR's patent portfolio also includes U.S. Patent Nos. 8,121,855; 8,117,045; 8,117,646; 8,301,466; 8,321,240; 8,352,287; 8,352,288; 8,498,883; 8,626,532 and 8,645,161 as well as numerous pending applications.

Under the terms of the Agreement, Walgreens has also agreed to sell MMR's MyMedicalRecords Personal Health Record on drugstore.com. The remaining terms of the Agreement are confidential.