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Boston Scientific Ordered To Pay Medtronic $250M

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May 28, 2008 9:31 am US/Central

Boston Scientific Ordered To Pay Medtronic $250M

NATICK, Mass. (AP) ― A federal jury has awarded Medtronic Inc. $250 million in a patent dispute with medical device rival Boston Scientific Corp.

A jury in Marshall, Texas, found Tuesday that Natick, Mass.-based Boston Scientific infringed on three Medtronic patents covering technology to implant heart stents used in artery-clearing surgery.

One of the four claims that Fridley, Minn.-based Medtronic brought against Boston Scientific was dismissed earlier in the trial, which began May 16.

Boston Scientific says it hopes to raise defenses before a judge on July 31 that were not heard by jurors. If those arguments don't cause the verdict to be set aside, the company plans to try to overturn the ruling in post-trial motions.

If necessary, Boston Scientific said it will appeal.

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Medtronic was founded in 1949 as a medical equipment repair shop by Earl Bakken and his brother-in-law, Palmer Hermundslie.



(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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