Smith & Nephew Wins $85M IP Verdict Against Arthrex

Law360, New York (June 23, 2011, 12:13 PM ET) -- Smith & Nephew Inc. said Thursday that a federal jury in Oregon awarded it $85 million in its lawsuit against rival medical device maker Arthrex Inc. over a patent covering suture anchors used to reattach damaged tissue and bone, but Arthrex vowed to appeal.

The jury found that Arthrex's Bio-SutureTak, PEEK SutureTak, PushLock and Bio-PushLock suture anchors infringed a patent exclusively licensed to Smith & Nephew, and told Arthrex to pay $85 million for past infringement, according to Smith & Nephew.

“After a Portland, Ore., jury...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required