A jury in Texas awarded Smith & Nephew $4.7 million and ruled that Arthrex Inc. infringed a patent related to its EndoButton knee fixation device.
A jury in Texas ruled that Arthrex Inc. infringed a patent held by Smith & Nephew Inc. (NYSE:SNN) and awarded a $4.7 million judgment to the British medical device giant.
Smith & Nephew's Andover, Mass.-based endoscopy division sued Naples, Fla.-based Arthrex in 2007 in the United States District Court for Eastern Texas, accusing it of violating a pair of patents covering techniques for attaching anterior cruciate ligament grafts to bone. The companies agreed to dismiss the charges relating to one of the patents, according to court documents, but allowed a jury to decide about the other patent.
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