www.fdanews.com/articles/67625-edwards-st-jude-settle-heart-valve-patent-infringement-lawsuit
EDWARDS, ST. JUDE SETTLE HEART VALVE PATENT INFRINGEMENT LAWSUIT
January 17, 2005
Edwards Lifesciences, a maker of heart valve technologies, has entered into an agreement with St. Jude Medical resolving patent infringement litigation initiated by Edwards in June 2000 related to certain Edwards patents in the areas of heart valve repair and replacement.
The litigation, filed in the U.S. District Court in California and the Federal Court of Canada in Ontario, has been dismissed.
Under terms of the settlement, Edwards will receive a one-time cash payment of $5.5 million, and St. Jude will receive paid-up licenses for several of its heart valve therapy products. Further details of the settlement were not disclosed. The settlement will not have a material financial impact to Edwards.