Court reverses $482 million stent case against Cordis

[riky]

Court reverses $482 million stent case against Cordis

WASHINGTON (Reuters) - Cordis Corp, a Johnson and Johnson subsidiary, did not infringe on a patent owned by a radiologist in making its Cypher stents, an appeals court said on Thursday, reversing a ruling by a lower court that ordered Cordis to pay $482 million. The Court of Appeals for the Federal Circuit reversed a ruling from a Texas jury, which found Cordis guilty of infringement and ordered the payment. The appeals court ruled that Cordis had not infringed. Johnson & Johnson's shares closed slightly higher at $82.41. ...

Source: You are not allowed to view links. Register or Login