Guidant v. Medtronic
This article was originally published in The Gray Sheet
Executive Summary
Guidant is awarded $158 mil. in damages from Medtronic subsidiary Arterial Vascular Engineering for infringement of rapid-exchange dilatation catheter and stent system delivery technology patents under an arbitration panel ruling April 25. Medtronic was ordered to stop sales of its rapid-exchange products in September under a separate patent infringement suit brought by Boston Scientific (1"The Gray Sheet" Sept. 24, 2001, p. 9). Medtronic says the expense will be recorded in the company's fourth fiscal quarter...