UPDATED 2/14/2011 1:45:00 p.m.
A Massachusetts judge handed St. Jude Medical Inc. (NYSE:STJ) a $5.1 million win in a long-running legal battle with Volcano Corp. (NSDQ:VOLC) involving two of their subsidiaries.
The Medical Device Business Journal — Medical Device News & Articles | MassDevice
ArthroCare Corp. (NSDQ:ARTC) escaped a Securities & Exchange Commission probe into its finances after a fraud scandal that took down a former CEO with no admission of guilt, no financial penalty and a promise to be good from now on.
Medtronic Inc. (NYSE:MDT) is touting a ruling by the U.S. Appeals Court for the Federal Circuit affirming its rights to a pair of patent claims, even though it’s still waiting on a lower court to decide if the $2.7 million award in the case should be reduced.
The court upheld two of the U.S. District Court for Eastern Pennsylvania’s rulings concerning alleged spine technology patent infringement by Globus Medical Inc., but ordered the lower court to reconsider a $2.7 million award to Medtronic.
UPDATED 2/9/2011 9:00 a.m.
Medtronic Inc. (NYSE:MDT) managed to find the silver lining in the dark cloud that is a $74 million patent infringement judgment against it when a federal judge denied an Edwards Lifesciences Inc. (NYSE:EW) move to bar U.S. manufacturing and sales of its CoreValve aortic valve replacement.
The former chairman, president and CEO of Home Diagnostics Inc. is facing insider trading charges from federal prosecutors and the Securities &Exchange Commission, accusing him of tipping off friends and family to Nipro Corp.’s (TYO:8086) $215 million acquisition of the diabetes monitoring equipment maker last year.
Constitutional challenges to the year-old healthcare reform law may be destined for the U.S. Supreme Court, but the Obama administration and U.S. Dept. of Justice aren’t willing to speed the process up for anyone.
Pacific Biosciences of California Inc. (NSDQ:PACB) won a favorable decision from the U.S. Patent Office over a competitor.
The Menlo Park, Calif.-based company began a "patent interference" process against Life Technologies Corp. (NSDQ:LIFE) in March 2009 regarding patent claims by both companies on single-molecule sequencing technology.
Obamacare suffered another legal setback when a Florida judge ruled that the president’s landmark healthcare reform law is unconstitutional and should be “declared void.”
But Judge Roger Vinson of the U.S. District Court for Northern Florida fell short of stopping the law’s implementation immediately, as requested by plaintiff Pam Bondi, the attorney general of Florida.