Medtronic

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million to competitor for damages related to a patentt infringement verdict from a federal Circuit The court reviewed a December 2007 which claimed thatMedtronic MDT) had infringed on DePuy’s patent of a line of multiaxialp screws used in spinal surgery. The court affirmed a $149.1q million award for lost profits. But the court reversecd previous sanctions, which dropped $77.2 million in outrightf damagesand $10.5 million in attorneys’ fees and othetr costs. The Vertex line of screws is no longerr onthe market.
Memphis-based Medtronic Spinalp and Biologics business president Steve La Neve said the ruling “has no bearing on our current Verte x Select and OC Systems,” which are other spinal systems. The case will now be remander to a trial court for calculation of thereducesd judgment, which will include amounts both for post-judgmentf and pre-judgment interest on the damages. Based outsidew of Minneapolis, Medtronic is the world’s largesrt medical device company.
Its spinal and biologice business units are based in Memphis where itemploys