Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Patent Infringement Lawsuit Filed Against Boston Scientific

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Medical device maker OrbusNeich announced that it filed a patent infringement lawsuit in Ireland against Boston Scientific (NYSE: BSX  ) and two of its Irish subsidiaries. The suit is related to certain novel stent designs. Orbus previously filed lawsuits against Boston Scientific in Germany and the Netherlands, and also filed one in the U.S. in 2009, but that case is stayed pending a re-examination of the patents by the U.S. Patent Office.

The lawsuit alleges that Boston Scientific infringes two European patents, the 412 and the 482, with its coronary stent systems, including the Promus Element, Promus Element Plus, Omega, Taxus, Synergy, and Promus Premier lines of stents. Boston Scientific generated $1.36 billion in worldwide sales of coronary stent systems in 2012, or approximately 19% of its total net sales.

OrbusNeich's CEO Al Novak said, "The lawsuit in Ireland is a continuation of our efforts to protect and enforce our intellectual property rights. We intend to vigorously pursue these efforts to prevent unlawful competitive practices and protect our unique technologies throughout the world."

OrbusNeich received a favorable ruling from the European Patent Office last month for the 482 patent, which covers certain novel stents with helical structures. After being sued, Boston Scientific moved to have the patents declared invalid, but OrbusNeich amended the claim to more clearly identify the scope of its novel helical stents, and the EPO upheld the patent as novel and inventive over the prior art.

OrbusNeich is seeking damages and an injunction prohibiting Boston Scientific from manufacturing and selling stents that infringe the patents in Ireland.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2303059, ~/Articles/ArticleHandler.aspx, 9/24/2016 10:18:45 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
BSX $23.71 Down -0.02 -0.08%
Boston Scientific CAPS Rating: ***