We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Medtronic PLC | NYSE:MDT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.30 | 0.37% | 82.06 | 82.28 | 81.81 | 82.18 | 1,635,334 | 16:44:44 |
From May 2019 to May 2024
By Tess Stynes
NuVasive Inc. (NUVA) agreed to pay $45 million to Medtronic PLC (MDT) in a preliminary settlement of a long-running patent dispute between the medical device makers.
In a regulatory filing on Thursday, NuVasive said the settlement covers issues arising from litigation that Medtronic filed against the company in 2008. As part of the settlement agreement, the companies agreed to grant each other certain global nonexclusive royalty-free licenses to related some product lines.
The accord between the companies also includes an agreement not to make patent infringement claims--generally for spinal implants, biologics and neuromonitoring--for seven years except through a specified resolution process.
A Medtronic spokesman wasn't immediately available to comment.
NuVasive said that as of March 31, its litigation liability reserve more than exceeded the settlement amount.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
June 30, 2016 17:04 ET (21:04 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Medtronic Chart |
1 Month Medtronic Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
