Alphatec To Pay $11M In Spinal Screw Patent Deal

Law360, New York (May 7, 2008, 12:00 AM EDT) -- Medical technology company Alphatec Holdings Inc. will cough up $11 million pursuant to a settlement deal that should resolve a 2006 patent suit brought by Biedermann Motech GmbH and Johnson & Johnson unit DePuy Spine Inc. over pedicle screw technology.

The agreement allows Alphatec, which focuses on products for surgically treating spine disorders, to continue to make and sell its Zodiac and Solanas products. In addition to the onetime $11 million payment, the deal calls for Alphatec to pay an ongoing royalty based on future net...
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