Masimo announced that the U.S. International Trade Commission (ITC) ruled in its favor in an ongoing patent battle with tech giant Apple. Shares of MASI ticked up more than 5% at $85.26 apiece by midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell slightly. […]
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Masimo beats the Street in Q1 ahead of proxy fight; CEO discusses Apple mistrial
Masimo reported Street-beating first-quarter results and maintained its full-year 2023 guidance ahead of a proxy battle at the annual meeting of shareholders. Investors reacted by sending MASI shares up 1% to $186.50 apiece in after-hours trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was down slightly. The […]
Masimo trade secret suit against Apple ends in mistrial
The ongoing patent spat between Masimo and Apple has another twist as a federal judge declared a mistrial. A federal judge in California made the ruling yesterday after jurors could not come to a unanimous verdict, according to a Reuters report. A Masimo spokesperson issued the following statement following the ruling: “While we are disappointed […]
Report: Apple moves forward with glucose monitoring tech
Apple reportedly believes it could shake up the CGM market with non-invasive glucose monitoring through the Apple Watch. Blooomberg reported that the company has a “moonshot-style” project in the works, according to “sources familiar with the matter.” The report said the tech giant still has years ahead in this development of the technology, which wouldn’t […]
President Biden upholds ITC ruling favoring AliveCor in patent spat with Apple
AliveCor announced today that the final determination rule on its patent dispute with Apple cleared presidential review. In December, the International Trade Commission (ITC) ruled that the Apple Watch infringed AliveCor’s patented technology. Along with its final determination, the ITC issued a limited exclusion disorder (LEO) and a cease and desist order. It set a […]
Apple hires Medtronic Chief Human Resources Officer Carol Surface
Medtronic (NYSE:MDT) EVP and Chief Human Resources Officer Carol Surface will become the first chief people officer at Apple (Nasdaq:APPL) in March. That’s according to Bloomberg, which reported that Apple CEO Tim Cook disclosed the new hire in a memo to employees. Surface joined Medtronic — the world’s largest medical device company — in 2013 […]
Masimo wins round in patent spat with Apple
Masimo (Nasdaq:MASI) announced that a U.S. Administrative Law Judge in Washington, D.C. ruled in its favor in a patent spat with Apple. The U.S. International Trade Commission must now consider whether to implement an import ban on Apple Watches, Masimo said in a news release posted last night. MASI shares were up more than 3% […]
ITC rules in favor of AliveCor in patent spat with Apple
AliveCor announced today that the International Trade Commission (ITC) ruled that the Apple Watch infringed its patented technology. Along with the final determination, the ITC issued a limited exclusion disorder (LEO) and a cease and desist order. It set a bond in the amount of $2 per unit of infringing Apple Watches imported or sold […]
Apple scores a win in IP spat with AliveCor
The U.S. Patent Trial and Appeal Board has dealt AliveCor a setback in its intellectual property fight with Apple over the technology behind wearable AFib detection. In a ruling entered yesterday, the PTAB agreed with Apple that AliveCor’s claims around U.S. Patent No. 10,595,731 B2 were unpatentable. The board made the determination based on the […]
FDA clears AFib notification on Apple Watch
An FDA letter confirms that Apple (NSDQ:AAPL) received 510(k) clearance for an irregular heart rhythm notification on the Apple Watch. The letter, dated October 22, stated that, after reviewing Apple’s 510(k) premarket notification of intent to market the device, the FDA determined that the device is substantially equivalent to legally marketed predicate devices for the […]
ITC takes up AliveCore patent complaint against Apple
The U.S. International Trade Commission (ITC) has agreed to investigate if Apple has imported devices that infringe three patents held by AliveCor. AliveCor filed the ITC complaint in April, alleging that Apple violated U.S. tariff law by importing certain Apple watches that infringe patents for its ECG technology. Mountain View, Calif.-based AliveCor wants the trade commission […]
