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News Breaks
January 7, 2013
08:15 EDTMRMindray Medical announce statement on Masimo lawsuit
"On December 21, 2012, Masimo Corporation brought an action in the United States District Court for the Central District of California against Mindray DS USA Inc. and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Masimo alleges that Mindray DS USA, Inc.'s U.S. Beneview pulse oximeters and sensors infringe its nine asserted patents relating to pulse oximeters and sensors, and that Shenzhen Mindray Bio-Medical Electronics Co., Ltd breached its Purchase and License Agreement dated November 13, 2002, as amended, by failing to use best efforts to promote adoption of Masimo's oximeter technology. In addition to monetary damages, Masimo is seeking injunctive relief preventing further sale of Beneview products incorporating Mindray oximetry boards in the United States. Mindray intends to vigorously defend the actions."
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June 24, 2015
08:07 EDTMRMindray Medical forms special committee to evaluate 'going private' proposal
Mindray Medical announced that its board has formed a special committee comprised of three independent directors of the company, Ronald Ede, Kern Lim and Qiyao Wu, to consider the previously announced non-binding proposal received by the company's board on June 4, 2015 from Li Xiting, its Executive Chairman of the Board, President and Co-Chief Executive Officer, Xu Hang, its Chairman of the Board, and Cheng Minghe, its Co-Chief Executive Officer and Chief Strategic Officer. The Special Committee has retained Lazard Asia Limited as its independent financial advisor and Shearman & Sterling as its U.S. legal counsel to assist it in its evaluation of the Proposed Transaction and any other alternative transaction.

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