Building a strategic patent portfolio is crucial to success for a medtech startup. David J. Dykeman, Greenberg Traurig When it comes to starting and building a medical device company, a strong patent strategy tied to business goals can be the driving force behind venture capital investment, strategic collaborations, and mergers and acquisitions. In order to […]
European Patent Office revokes Edwards Lifesciences patent in TAVR spat with Boston Scientific
Boston Scientific (NYSE:BSX) said today that the European Patent Office revoked a patent owned by Edwards Lifesciences (NYSE:EW) in the latest round of their ongoing spat over transcatheter aortic valve replacements. In March 2017 a German court issued a mixed decision in the international battle over transcatheter aortic valve replacement patents between the two companies, less than a week after a […]
UPDATE: New Jersey jury hits BD subsidiary Bard with $68m pelvic mesh verdict
Updated to include a $35 million punitive damages verdict released today. Becton Dickinson & Co. (NYSE:BDX) subsidiary C.R. Bard was reportedly hit yesterday with a $33 million verdict in a product liability lawsuit brought over its Avaulta and Align pelvic mesh products. A New Jersey jury in the Bergen County Superior Court awarded $23 million in compensatory […]
Apple faces patent suit over Apple Watch heart monitor tech
Apple (NSDQ:AAPL) is facing a lawsuit that claims its heart rate sensor infringes on patents from Omni MedSci, according to court documents posted early this month. The Ann Arbor, Mich.-based startup claims the watch infringes on a total of four of its patents which reference laser and light-based technology designed to monitor physiological metrics based around […]
Companies push back against allegations of FCA violations over excess at-home blood testing
A 70-year-old former Marine is taking a group of companies to court over their at-home blood testing services, arguing that the industry players broke the law by requiring patients to conduct weekly tests. The companies then submit these bills to Medicare for reimbursement, even asking to be repaid for services that weren’t rendered, according to […]
Cogentix shareholders sue to block Laborie Medical acquisition
Cogentix Medical (NSDQ:CGNT) shareholders late last week filed a class action suit against the company seeking to block its $214 million acquisition by Laborie Medical Technologies under allegations that the company ignored a better offer and engaged in unfair protective provisions. In the newly filed suit, plaintiffs allege that the board breached its fiduciary duties by […]
SEC levies fraud charges against The Eye Machine founder Pocklington
The SEC yesterday charged The Eye Machine and its founder Peter Pocklington with defrauding investors through the misappropriation of investor funds and by hiding Pocklington’s felonious history from investors. Pocklington, a former Edmonton Oilers NHL team owner, plead guilty to a federal felony perjury charge in 2010 and was ordered to pay more than $5 […]
Osiris levels $7m trade theft, breach-of-contract suit against MiMedx over Stability Biologics deal
Osiris Therapeutics leveled trade theft and breach-of-contract charges worth nearly $7 million against a regenerative medicine rival, stemming from the Stability Biologics acquisition by MiMedx (NSDQ:MDXG). Columbia, Md.-based Osiris said it inked a distribution deal back in 2013 to have Stability sell a pair of its products through the end of 2015. But after MiMedx paid $10 million for […]
Repro-Med defeats an appeal from EMed in needle-stick patent case
Repro-Med Systems (OTC:REPR) emerged victorious as the US Court of Appeals for the Federal Circuit denied an appeal from competitor EMed Technologies in a patent spat over protective needle-stick related technology. In the original case, Repro-Med claimed that a patent EMed owned related to “protection to eliminate needle stick injuries when using needles associated with subcutaneous […]
Nox Medical claims win over Natus Medical in EU sensor patent spat
Nox Medical yesterday touted a win in a European patent spat with Natus Medical (Nasdaq: BABY) over patents related to biometric connectors. Iceland-based Nox Medical said that the European Patent Office determined that its European patent, related to its RIP Belts, were “valid as amended” in proceedings brought against it by Natus. The company went on […]
Wright Medical, plaintiffs extend deadline for $90m metal-on-metal hip settlement
Balky insurance companies delayed a final settlement between Wright Medical (NSDQ:WMGI) and the plaintiffs in product liability lawsuits brought over its metal-on-metal hip implants, according to a regulatory filing. Last October Wright agreed to an $89.8 million deal resolving any metal-on-metal hip claims not covered by a previous, $240 million settlement. But the new agreement was contingent on a $35 […]
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