Wednesday, August 12, 2009

Medtronic Biotech Dispute with AGA Medical is Over

According to this article in Patent Docs a recent hearing in the US District Court ruled in favor Medtronic stating that AGA Medical Corp infringed on their patents for blood vessel occlusion devices. AGA Medical is required to pay Medtronic $57 million in restitution.

The suit originated in 2007, and the result of the calculation is due to past damages and an 11 percent royalty for future sales of the product up until 2018. The case will now go in front of the US District Court again for other issues of invalidity and unenforceability.


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2 comments :

alotstuff said...

nice blog and have lots of stuff here....

http://biotechnolo.blogspot.com

Joshua Sophy said...

The surgeon involved with Medtronic's Infuse bone graft study has resigned: http://www.newsinferno.com/archives/11835#more-11835

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