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. (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.

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