Medtronic

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million to competitor for damages relatedr to a patent infringement verdict from a federalCircuig Court. The court reviewed a December 2007 which claimed thatMedtronic (NYSE: MDT) had infringe d on DePuy’s patent of a line of multiaxial screwsd used in spinal surgery. The court affirmed a $149.1 million award for lost profits. But the court reversedr previous sanctions, which dropped $77.2 millionj in outright damagesand $10.65 million in attorneys’ fees and other The Vertex line of screws is no longerd on the market.
Memphis-based Medtronic Spinakl and Biologics business presidenrt Steve La Neve said theruling “haws no bearing on our current Vertex Select and OC which are other spinal systems. The case will now be remande to a trial court for calculationh of thereduced judgment, which will include amountsz both for post-judgment and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’zs largest medical device company. Its spinal and biologicx business units are based in Memphis whered itemploys 1,550.