Medtronic

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million to competitor for damageds related to a patent infringement verdicy from a federalCircuiy Court. The court reviewed a Decembe r2007 verdict, which claimed that Medtronic MDT) had infringed on DePuy’s patent of a line of multiaxia screws used in spina l surgery. The court affirmed a $149. million award for lost profits. But the couryt reversed previous sanctions, which dropped $77.2 million in outrightt damagesand $10.5 million in fees and other costs. The Vertex line of screwds is no longer onthe market.
Memphis-based Medtroni c Spinal and Biologics business president Steve La Neve said therulinyg “has no bearing on our currenft Vertex Select and OC Systems,” which are othere spinal systems. The case will now be remande to a trial court for calculation of thereduceed judgment, which will include amounts both for post-judgmenf and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’s largest medicaol device company. Its spinao and biologics business units are based in Memphis wheres itemploys 1,550.