Medtronic, Acacia Unit Settle Over Catheter Patent

Law360, New York (April 2, 2009, 12:00 AM EDT) -- Medtronic Inc. and several of its subsidiaries have reached a licensing agreement with an Acacia Research Corp. unit, resolving the patent-holding company's infringement suit over a patent related to catheter valves and officially bringing the case to a close.

Judge David Folsom of the U.S. District Court for the Eastern District of Texas on Wednesday signed an order dismissing Medtronic and its Medtronic USA Inc., Medtronic Vascular Inc. and Kyphon Inc. units, which were the final remaining defendants, from the suit.

The court dismissed all claims...
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