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Medtronic, Inc. (MDT), Salient Surgical Technologies Force Bovie Medical Corporation (BVX) Surgery Devices Off The Market


3/4/2011 9:06:49 AM

MassDevice -- Bovie Medical Corp. (NYSE:BVX) is pulling a pair of electrosurgical devices of the market to settle a patent infringement lawsuit with Salient Surgical Technologies and Medtronic Inc. (NYSE:MDT). Bovie Medical said the agreement calls for it to yank its Seer and Boss monopolar and bipolar saline-enhanced radio-frequency devices from the worldwide market, in return for $750,000 from Medtronic and the chance to strike an OEM contract with Salient Surgical. (Bovie already has such a deal going with Medtronic.)

Read at MassDevice

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