Align Technology, Inc. (ALGN) Files Patent Infringement Lawsuits Against Shanghai-Based Angelalign Technology for Alleged Patent Violations

Align Technology, Inc. (NASDAQ:ALGN) is one of the 13 Oversold Value Stocks to Invest in Now.

Align Technology, Inc. (ALGN) Files Patent Infringement Lawsuits Against Shanghai-Based Angelalign Technology for Alleged Patent Violations

A medical research laboratory where scientists in white lab coats are researching treatments for genetic keratinization disorders.

Align Technology, Inc. (NASDAQ:ALGN) filed patent infringement lawsuits against Shanghai-based Angelalign Technology for alleged patent violations across the U.S., Europe, and China. The company claims that Angel’s aligner products and software infringe key Align patents, which cover multilayer materials, treatment planning, and advanced aligner features.

Align Technology, Inc. (NASDAQ:ALGN) has invested over $2 billion in R&D since 2001. Thus, it emphasized its commitment to protect innovations that underpin its leadership in digital orthodontics. With this move, the company seeks injunctive relief and damages to safeguard years of investment and ensure fair competition in the rapidly growing global aligner market.

With its Invisalign System, iTero scanners, and exocad software, Align Technology, Inc. (NASDAQ:ALGN) enables digital orthodontic and restorative workflows for patients globally. It is one of the oversold stocks.

While we acknowledge the potential of ALGN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALGN and that has 100x upside potential, check out our report about this cheapest AI stock.

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