Guidant found to infringe on Cordis patent

An independent arbitration panel has issued a preliminary ruling that interventional firm Guidant’s coronary stent system infringes on certain patents held by Johnson & Johnson subsidiary Cordis of New Brunswick, NJ. Guidant is expected to request an additional review by the panel, with a final decision due in August this year.

If the findings are upheld, Guidant will make a payment of $425 million to Cordis by January 2004. Future Guidant stent sales will not be affected by the ruling because Cordis has granted it a license to the patents, said the Indianapolis-based company.

By AuntMinnie.com staff writers
June 5, 2003

Related Reading

Guidant debuts RX AccuNet in Europe, May 8, 2003

Guidant to acquire additional Biosensor technology, March 20, 2003

Guidant launches Multi-Link Penta in Japan, March 12, 2003

Guidant acquires X Technologies, taps Mead to head vascular intervention, March 11, 2003

Cordis files suit against Boston Scientific, January 15, 2003

Copyright © 2003 AuntMinnie.com

Page 1 of 181
Next Page