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J&J, Angiotech Reach Accord Over Stent Patents

Law360 (September 17, 2007, 12:00 AM EDT) -- Johnson & Johnson subsidiary Conor Medsystems has reached a settlement with Angiotech Pharmaceuticals Inc. to resolve litigation regarding drug-eluting stents used in cancer chemotherapy.

Vancouver, Canada-based Angiotech announced the “favourable” agreement on Monday on all outstanding patent litigation with respect to Conor's CoStar paclitaxel stent. Terms of the settlement, which resolved litigation in the U.K., the Netherlands and Australia, were not disclosed.

"With this agreement now in place, Angiotech expects that the resources required to defend and enforce our intellectual property should decrease," said Dr. William...
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