Litigation
May 22, 2014
Medical device manufacturers' patent battle ends in $1B settlement
Medtronic Inc., one of the world's largest medical device manufacturers, agreed to pay Edwards Life Science Inc., an Irvine company, $750 million upfront to resolve the litigation with additional royalty payments.
Daily Journal Staff Writer
A long-running patent infringement battle between two medical device manufacturers over heart valve technology ended Tuesday with a global settlement worth at least $1 billion.
Minnesota-based Medtronic Inc., one of the world's largest medical device manufacturers, agreed to pay Edwards Life Science Inc., an Irvine company, $750 million upfront to resolve the litigation with additional royalty pay...
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