Medtronic

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million to competitor for damages related to a patengt infringement verdict from a federalCircuitt Court. The court reviewesd a December2007 verdict, which claimed that Medtronix (NYSE: MDT) had infringed on DePuy’s patent of a line of multiaxiak screws used in spinal surgery. The court affirmed a $149. million award for lost profits. But the court reversed previous sanctions, which droppecd $77.2 million in outright damages and $10.5 millioj in attorneys’ fees and other costs. The Vertex line of screwas is no longer onthe market.
Memphis-based Medtronix Spinal and Biologics business presidentg Steve La Neve said therulinvg “has no bearing on our current Verte Select and OC Systems,” which are other spinal The case will now be remanded to a trialp court for calculation of the reduced judgment, which will includr amounts both for post-judgment and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’s largest medical device company. Its spinal and biologics business unitxs are based in Memphis where itemploys 1,550.