Gore ponies up $209m in Bard loss
May 6, 2015 by Brad Perriello
W.L. Gore & Assoc. paid out the $208.9 million in enhanced damages it owed to C.R. Bard in the decades-long stent graft patent war between the 2 companies.
In January a federal appeals court upheld a judgment of willful infringement against Gore, tacking on an extra $205 million to the $854 million Gore already owed Bard for trespassing its stent graft patents. Today Bard said it received the willfulness damages payment May 1. Read more
Siemens, China deny bribery report
May 6, 2015 by MassDevice
Siemens and China’s State Administration for Industry & Commerce, a competition regulator, denied a Reuters report that the SAIC investigated the German group’s healthcare unit and its dealers for “commercial bribery.”
“The SAIC has not launched a commercial bribery investigation into Siemens Healthcare Unit,” a spokesperson for the regulator said in a statement on its website. Read more
InVivo Therapeutics, ex-CEO Reynolds escape shareholders' lawsuit
May 8, 2015 by Brad Perriello
InVivo Therapeutics and its former CEO escaped a shareholders lawsuit alleging that they concealed the truth about how long a clinical trial would take.
InVivo, co-founded by Reynolds based on technology out of MIT professor Robert Langer’s lab, is developing a treatment for spinal cord injury. Read more
