TriMed Inc.’s four-year-old patent suit against Stryker Corp. (NYSE:SYK) came to a conclusion with the companies entering into a licensing agreement.

The Valencia, Calif.-based orthopedic device maker sued Stryker in March 2006 for infringing on IP covering its radial pin plate and ullnar pin plate wrist fracture repair devices, according to court documents. The companies settled the case out of court in October 2010; it was formally dismissed by the U.S. District Court for Central California in December.

TriMed announced the licensing deal for its pin plate products with Stryker yesterday. The devices are designed to stabilize the small bones in the wrist and preclude the necessity of a post-surgical cast, according to TriMed.

“We are pleased to have reached this agreement. TriMed is a dynamic company with the ability to create new implants for treating orthopedic injuries and conditions. We have an unbroken record of increasing sales and profitability for the past 13 years and we will continue to concentrate on developing products for upper and lower extremities,” TriMed part-owner David Medoff said in prepared remarks.