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Medtronic (MDT) to Cough Up $24 Million to Spine Doc Inventor for Patent Infringement



5/19/2017 6:55:01 AM

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Medtronic must fork over nearly $24 million to the physician inventor behind a group of patents covering a technique for treating spine defects.

Dr. Mark Barry sued Medtronic in February 2014 in the U.S. District Court for Eastern Texas, alleging infringement for 3 patents covering a “system and method for aligning vertebrae in the amelioration of aberrant spinal column deviation conditions.”

After a week-long trial in November of that year the jury sided with Barry, awarding $15.1 million for the infringement of 1 of the patents in the U.S., more than $2.6 million for infringement of the 2nd patent in the U.S., and $2.6 million for the infringement of the patent overseas.

Read at MassDevice


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