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Medtronic, Inc. (MDT) Loses Appeal of $73 Million Patent Ruling


11/14/2012 7:43:48 AM

Medtronic Inc. lost a second round against rival med-tech company Edwards Lifesciences when an appeals court upheld a jury's decision that said Medtronic infringed on an Edwards patent. The Star Tribune has details on the ruling, noting that it may not have a large impact on the U.S. market. The Medtronic device that sparked the suit, an aortic-valve replacement called the CoreValve, isn't sold in the U.S. yet, and many of these med-tech patent suits end in licensing deals.

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