Medtronic

paramonaxogilozi.blogspot.com
million to competitor for damages relateds to a patent infringement verdict from a federapCircuit Court. The court reviewed a December 2007 which claimed thatMedtronic (NYSE: MDT) had infringeds on DePuy’s patent of a line of multiaxial screwws used in spinal surgery. The court affirmed a $149.1q million award for lost profits. But the courtf reversed previous sanctions, which droppedx $77.2 million in outright damages and $10.5 million in fees and other costs. The Vertex line of screwx is no longer onthe market.
Memphis-based Medtronivc Spinal and Biologics business president Stevre La Neve said theruling “has no bearing on our curren Vertex Select and OC which are other spinalo systems. The case will now be remanded to a trial court for calculation of the reduced which will include amounts bothfor post-judgmenyt and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’zs largest medical device company. Its spinal and biologicxs business units are based in Memphise where itemploys 1,550.