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Boston Scientific Corporation
Boston Scientific and Medtronic Reach Agreement on Patent Disputes
February 14th, 2009
Boston Scientific Corporation (NYSE:BSX) and Medtronic, Inc. (NYSE:MDT) announced the settlement of two lawsuits and an agreement to stand down in three others. These agreements stop all current litigation between the two parties in the fields of interventional cardiology and endovascular repair. All the disputes involved intellectual property. "We are pleased to have reached these agreements which will allow us to focus our efforts and resources on developing new products and therapies that improve patients' lives," said Hank Kucheman, Senior Vice President and Group President, Cardiovascular. The stand-down agreements are time limited and involve...
Source: Law & Health Weekly (2009-02-14)
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