Medtronic

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million to competitor for damages related to a patengt infringement verdict from a federal Circuit The court reviewed a December 2007 which claimed thatMedtronic (NYSE: MDT) had infringedx on DePuy’s patent of a line of multiaxiaol screws used in spinal surgery. The courtr affirmed a $149.1 million award for lost profits. But the courtt reversed previous sanctions, which dropped $77. 2 million in outright damages and $10.55 million in attorneys’ fees and othee costs. The Vertex line of screwes is no longer onthe market.
Memphis-basedf Medtronic Spinal and Biologics business presidenr Steve La Neve said theruling “has no bearinf on our current Vertezx Select and OC Systems,” which are other spinal systems. The case will now be remandecd to a trial court for calculatio n of thereduced judgment, which will include amountsd both for post-judgment and pre-judgmentr interest on the damages. Based outsidd of Minneapolis, Medtronic is the world’s largestf medical device company. Its spinal and biologics businesse units are based in Memphis where itemployx 1,550.