Medtronic

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million to competitor for damagesd related to a patent infringement verdict from a federalCircuif Court. The court reviewed a Decembed 2007 verdict, which claimedr that Medtronic (NYSE: MDT) had infringed on DePuy’d patent of a line of multiaxiao screws used inspinal surgery. The court affirmex a $149.1 million award for lost profits. But the coury reversed previous sanctions, which droppee $77.2 million in outright damages and $10.5 millionj in attorneys’ fees and other costs. The Vertex line of screws is no longer onthe market.
Memphis-based Medtronix Spinal and Biologics business president Steve La Neve said the ruling “has no bearing on our current Vertezx Select and OC Systems,” which are other spinall systems. The case will now be remandeed to a trial court for calculation of thereduced judgment, which will include amounta both for post-judgment and pre-judgmentg interest on the damages. Basexd outside of Minneapolis, Medtroniv is the world’s largest medical devicse company. Its spinal and biologica business units are based in Memphix where itemploys 1,550.