Wednesday 1 October, 2008

Johnson & Johnson won $1.2 Billion as willful infringement damages

Innovator Johnson & Johnson announced that a U.S. court (U.S. District Court in Wilmington) has awarded the company $1.2 billion in an 11-year old patent battle with Medtronic Inc. and Boston Scientific Corp. over devices that prop open heart arteries after they're cleared of fat. Medtronic was ordered to pay infringement damages worth about $521 million and Boston Scientific to pay about $703 million in the dispute over the patent for the Palmaz balloon expandable stent.
The companies had been fighting over the basic technology for heart stents, tiny mesh tubes inserted in arteries. Johnson & Johnson's patents have expired and the specific stents involved in the case are no longer sold, yet the companies were still arguing over details about the patents and the question of whether a new trial on damages should be held.

Link for complete details Here

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Disclaimer: "IP Pharma Doc" blog is published for information purpose only. "IP Pharma Doc" blog contains no legal advice. I assume no legal responsibility for the views/information expressed here. “IP Pharma Doc” blog is my personal website and not edited by my employer, accordingly, no part of my blog should be attributed to my employer. All information on the present blog should be double checked for its accuracy and applicability. © Dr. Sarwal (2007)
 
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