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November 13, 2012
15:32 EDTMDT, EWMedtronic says appeals court ruling has no impact on CoreValve trials
Medtronic (MDT) confirmed that the Federal Circuit Court of Appeals affirmed the April 2010 jury verdict from the Federal District Court of Delaware that the CoreValve System infringed a single Andersen patent held by Edwards Lifesciences (EW). The Court of Appeals also remanded the case back to the District Court to consider a potential injunction. Medtronic said, "While Medtronic respects the court's ruling, we respectfully disagree with this conclusion and we are evaluating next steps...While Edwards has applied for a patent extension, there is no assurance an extension will be issued or what the impact or duration of that extension would be. These applications involve a review by two government agencies, and the process often can take between 2 and 5 years." Medtronic said the legal actions have no impact on the Medtronic CoreValve U.S. Pivotal Trial, the Medtronic CoreValve SURTAVI Trial, or any other clinical studies evaluating the CoreValve System. Due to its global manufacturing capabilities, Medtronic does not anticipate any interruption to the global supply of the Medtronic CoreValve System, the company added.
News For MDT;EW From The Last 14 Days
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March 3, 2015
08:37 EDTMDTFlex Pharma announces investment from Medtronic
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March 2, 2015
12:59 EDTMDTAppeals court ruling a positive for NuVasive, says Wells Fargo
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12:54 EDTMDTNuVasive gets mixed appeals court ruling in patent fight with Medtronic
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08:55 EDTMDT, EWEdwards Lifesciences Medtronic likely to get positive catalyst, says Wells Fargo
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February 27, 2015
09:02 EDTMDTMedtronic announces Irish High Court approval of share premium reduction
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February 24, 2015
13:02 EDTMDTMedtronic confirms FDA approval of VenaSeal closure system
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February 23, 2015
08:40 EDTMDTMedtronic acquires Advanced Uro-Solutions, terms not disclosed
Medtronic announced that it has acquired Advanced Uro-Solutions, a privately-held developer of neurostimulation products for the treatment of bladder control issues based in Elizabethton, Tennessee. Terms of the acquisition agreement, which closed in December 2014, were not disclosed.
February 20, 2015
12:19 EDTMDTFDA approves closure system to permanently treat varicose veins
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February 19, 2015
16:15 EDTMDTMedtronic SANTE trial data show sustained safety, improvements in QOLIE-31
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