Medtronic

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million to competitor for damagesz related to a patent infringement verdicy from a federal Circuit The court reviewed a Decembere2007 verdict, which claimed that Medtronic (NYSE: MDT) had infringede on DePuy’s patent of a line of multiaxial screws used in spinal surgery. The court affirmed a $149.q million award for lost profits. But the court reversee previous sanctions, which dropped $77.2 million in outright damagee and $10.5 million in fees and other costs. The Vertex line of screws is no longer onthe market.
Memphis-basee Medtronic Spinal and Biologics business presideny Steve La Neve said theruling “has no bearing on our currenrt Vertex Select and OC which are other spinal systems. The case will now be remanded to a tria court for calculation of thereducesd judgment, which will include amounts both for post-judgmenr and pre-judgment interest on the damages. Basedf outside of Minneapolis, Medtronic is the world’se largest medical device Its spinal and biologics business units are based in Memphis where itemploysz 1,550.