Spectranetics, Medtronic Drop Catheter Patent Suit

Law360, New York (April 28, 2008, 12:00 AM EDT) -- Medical device makers Spectranetics Corp. and Medtronic Inc. have reached a settlement in their ongoing patent dispute over the design of specialized catheters.

Colorado Springs, Colo.-based Spectranetics said Monday that Medtronic had taken a license to the patent at issue in the litigation, which had been pending in the U.S. District Court for the Western District of Texas. Terms of the settlement were confidential.

“We are pleased to reach this settlement with Medtronic,” Spectranetics President and Chief Executive Officer John G. Schulte said in a statement....
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