Arthrex has lost another battle in a patent dispute with Smith & Nephew’s (NYSE:SNN) ArthroCare. A U.S. Court of Appeals panel today rejected Arthrex’s attempt to overturn a Patent Trial and Appeal Board ruling that two claims of an Arthrex patent on a surgical suture anchor are unpatentable. Smith & Nephew had challenged claims 10 […]
Report: Philips fired whistleblower who warned of graft
Royal Philips (NYSE:PHG) reportedly fired a whistleblower in 2011 after he warned about suspicious sales of medical equipment to the Brazilian government. Brazilian prosecutors claimed the Amsterdam-based company, among others, was part of an international health-care cartel last year. Jose Israel Masiero Filho informed Philips of his suspicions of illegal activity as far back as 2010, […]
Appeals court upholds Medtronic win in wrongful termination suit
A federal appeals court yesterday upheld a win for Medtronic (NYSE:MDT) in a wrongful termination lawsuit brought by an employee who alleged that he was fired because of his morbid obesity. Jose Valtierra weighed more than 300 pounds when he was hired as a facility maintenance technician in 2004; by the time he was fired […]
ConforMIS sues Zimmer Biomet for alleged patent infringement
ConforMIS (NSDQ:CFMS) has sued Zimmer Biomet (NYSE:ZBH) alleging infringement of four different patents for personalized joint replacement surgery. In the lawsuit filed last week in U.S. District Court in Delaware, ConforMIS claims that Zimmer Biomet has infringed its patents for personalized knee and hip replacement surgery and for shoulder arthroplasty. Bedford, Mass.-based ConforMIS is targeting Zimmer […]
Department of Justice clears Misonix in China FPCA probe
Misonix (NSDQ:MSON) said last week that the U.S. Department of Justice has dropped its inquiry into the company following a probe of self-reported possible Foreign Corrupt Practices Act violations in China. The Justice Department action, detailed in an August 13, 2019, letter to the company, follows the Securities & Exchange Commission’s June 18, 2019, letter […]
Zoll loses bid to dismiss LifeVest lawsuit
A federal judge has denied Asahi Kasei (TYO:3407) subsidiary Zoll Medical’s motion to toss out a lawsuit filed by the family of a woman who attribute her death to a faulty Zoll LifeVest wearable defibrillator. U.S. District Court Judge Darrin Gayles in the Southern District of Florida also halted Zoll’s effort to bar evidence from the plaintiffs’ […]
BD sues Stryker over PureWick catheter patents
Becton Dickinson (NYSE:BDX) this week levied a lawsuit against Stryker (NYSE:SYK), alleging infringement of patents covering its PureWick female external catheter. The lawsuit, filed August 12 in the U.S. District Court for Delaware, accused Stryker’s Sage Products subsidiary of violating two patents covering the PureWick device with Sage’s competing PrimaFit device, which Stryker acquired along with […]
Ex-Oriole DeCinces draws time served on insider trading conviction
A federal judge in California reportedly sentenced former professional baseball player Doug DeCinces to time served this week after his conviction on insider trading charges related to the $2.8 billion acquisition of Advanced Medical Optics by Abbott (NYSE:ABT) in 2009. Federal prosecutors in 2014 accused ex-AMO CEO James Mazzo of tipping former Orioles and Angels player […]
Denmark’s Ambu settles U.S. trade violations for $3.3 million
Ambu A/S will pay $3.3 million to resolve allegations that it manufactured products in China and Malaysia for sale to U.S. government agencies in violation of the federal Trade Agreements Act (TAA), according to the U.S. Department of Justice. The government claims that the Danish medtech company submitted false claims to the Defense Logistics Agency […]
Judge tosses 5,000 warming-device lawsuits filed against 3M
This story has been updated with a comment from Augustine Surgical and the plaintiffs’ attorneys. A federal judge has dismissed more than 5,000 lawsuits filed against 3M (NYSE:MMM) over its Bair Hugger patient warming system. The decision follows six years of litigation over claims that the warming system was responsible for infections suffered by patients […]
Mylan agrees to settle SEC EpiPen probe for $30 million
Mylan (NSDQ:MYL) is nearing a $30 million settlement with the Securities and Exchange Commission (SEC) over an investigation involving the company’s EpiPen auto-injector and the Medicaid drug rebate program. The SEC probe was announced in 2016, shortly after Mylan agreed to pay $465 million to the U.S. Department of Justice to settle claims that it underpaid […]
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