News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Kinetic Concepts, Inc. (KCI) Sues Wake Forest University to Stop Paying Royalties


3/2/2011 7:29:43 AM

Wall Street Journal -- Kinetic Concepts Inc. (KCI) said it plans to stop paying royalties on key patents it licenses from Wake Forest University, following "protracted but unsuccessful negotiations" to reduce the rate after a legal defeat last year. In October, the U.S. District Court for the Western District of Texas rendered invalid two key patents Kinetic Concepts has used to defend its wound-therapy franchise. The ruling effectively overturned an earlier jury verdict that found rival medical-device maker Smith & Nephew PLC (SNN, SN.LN) had infringed Kinetic Concepts patents.


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES