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January 15, 2014
11:37 EDTEW, MDTMedtronic says jury awarded Edwards Lifesciences damages of $392.5M
A jury in the Federal District Court of Delaware today decided in favor of Edwards Lifesciences (EW), ruling that the Medtronic (MDT) CoreValve System infringed on Edward's Cribier patent. Medtronic intends to appeal. "While we are disappointed in the jury's verdict, we continue to believe that this decision will be overturned on appeal," said Neil Ayotte, vice president and acting general counsel at Medtronic. "Medtronic has prevailed against Edwards in several legal actions related to a European counterpart to this patent and others, and believes the Federal Circuit Court of Appeals will find no merit to Edward's infringement claim. Today's jury verdict does not impose an injunction, and Medtronic will oppose any requests for an injunction by Edwards." The jury found willful infringement and awarded Edwards total damages in the amount of $392.5M. Medtronic anticipates U.S. regulatory approval of the CoreValve System for extreme risk patients by the end of its FY14, and intends to begin selling the device in the U.S. at that time.
News For MDT;EW From The Last 14 Days
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November 27, 2015
06:59 EDTMDTMedtronic volatility flat into Q2 and outlook
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November 24, 2015
08:31 EDTMDTMedtronic remains a top tier performer in Med Device space, says Cowen
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November 20, 2015
05:22 EDTMDTStocks with implied volatility movement; MDT UNH
Stocks with implied volatility movement; Medtronic (MDT) 25, UnitedHealth (UNH) 30 according to iVolatility.
November 19, 2015
16:34 EDTEWEdwards Lifesciences approves two-for-one stock split
Edwards Lifesciences approved a two-for-one split of the company's outstanding shares of common stock to be effected as a 100% stock dividend. This will be the company's second stock split since it went public in April 2000. Stockholders of record at the close of business on November 30 will be issued one additional share of common stock for each share owned as of that date. The additional shares will be distributed on December 11. The stock split will increase the number of common shares outstanding from approximately 108M shares as of the record date, to approximately 216M shares.
November 17, 2015
09:14 EDTMDTMedtronic announces FDA approval, launch of MyCareLink Smart Monitor
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