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Stock Market & Financial Investment News

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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April 11, 2014
13:14 EDTMRMindray Medical downgraded earlier to Equal Weight at Morgan Stanley
Morgan Stanley downgraded Mindray Medical earlier due to continued operating deleveraging. Target to $37 from $44.

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