DePuy Spine Inc. will get a hefty check from Medtronic Inc. after a federal court judgment for $179 million in a patent infringement lawsuit.
The Raynham orthopedics maker, a Johnson & Johnson subsidiary, and Biedermann Motech GmbH sued Medtronic in 2001, accusing it of violating a spinal surgery screw patent DePuy licensed from Biedermann with its now-discontinued Vertex line of multiaxial screws (Medtronic markets the Vertex Select system these days).
Earlier this month, a federal appeals court slashed the $226.3 million penalty a jury had awarded to DePuy Spine.
The stipulated final judgment by the U.S. District Court for Massachusetts calls for the Minneapolis devices giant to pony up nearly $158 million in lost profit damages, pre-judgment interest of about $13 million and $8.5 million in post-judgment interest by the end of the month.
DePuy Spine owes Medtronic roughly $338,000 for overpayment of royalties.