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Boston Scientific agrees to pay $1.73 Billion in a court patent settlement to Johnson & Johnson’s Cordis Unit February 7, 2010

Posted by HubTechInsider in Health Care IT.
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Boston Scientific agrees to pay $1.73 Billion in a court patent settlement to Johnson & Johnson’s Cordis Unit. A nasty patent fight over heart stents, the tiny mesh tubes that prop open clogged arteries, came to an end on February 1st, when Boston Scientific agreed to pay $1.73 Billion to JOhnson & Johnson’s Cordis unit. The spat, during which the two companies lobbed a dozen lawsuits at each other, dates back to 2003 and involves three separate patents. The rivals haven’t quite buried the scalpel, however: J & J points out in a statement that it is pursuing patent litigation over Boston Scientific’s Promus stents.


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