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U.S. court awards Edwards damages in Medtronic patent fight

Started by riky, January 16, 2014, 09:00:24 AM

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riky

U.S. court awards Edwards damages in Medtronic patent fight

(Reuters) - Medtronic Inc said a U.S. jury ruled that its heart valve implant infringed a patent held by Edward Lifesciences Corp and awarded Edwards $392.5 million in damages. Medtronic said it would appeal the ruling made by a jury in the Federal District Court of Delaware. The medical device maker said it would oppose any request for an injunction by Edwards. Medtronic said it expected U.S. approval for the CoreValve heart implant system by the end of its fiscal year ending April 2014.

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