KFx Medical said yesterday it inked a licensing agreement with Zimmer Biomet (NYSE:ZBH) for patents used in knotless double row rotator cuff repair and that it filed a lawsuit against Stryker (NYSE:SYK) which it claims infringes on patents also related to knotless double row rotator cuff repair.
Through the licensing agreement, Zimmer Biomet and its affiliates will have the right to use and promote products for knotless double row rotator cuff repair.
The technology had previously been licensed to Smith & Nephew (NYSE:SNN), Johnson & Johnson (NYSE:JNJ) and its Mitek subsidiary, Wright Medical (NSDQ:WMGI) and ConMed (NSDQ:CNMD), according to a press release.
San Diego-based KFx also said it filed a suit against Stryker for infringement on the rotator cuff patents, touting that it won a suit filed in 2015 against Arthrex that resulted in $35 million in damages and interest paid to KFx.
KFx Medical said that it currently has five licensing agreements for those patents with other companies, according to a press release.
In March, KFx said it and Wright Medical agreed to dismiss patent litigation over rotator cuff repair patents between the companies and ink a licensing deal.