We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Carbomedics Pays $2.5 M To Settle Edwards Patent Suit

Law360 (January 30, 2004, 12:00 AM EST) -- Edwards Lifesciences Corp. settled a lawsuit against rival Carbomedics, Inc. over medical technologies for heart valve repair and replacement.

The patent infringement litigation, filed by Edwards in the U.S. District Court in Delaware on June 6, 2002 and September 17, 2003, has been dismissed.

Under terms of the settlement, Edwards will receive a one-time cash payment of $2.5 million from Carbomedics, a unit of Italian cardiovascular equipment company Sorin SpA, Edwards said.

The company has granted Carbomedics a royalty-bearing license on three of its patents related...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.