Federal Circuit Again Invalidates Johnson & Johnson (JNJ)'s Cordis Corporation (JNJ) Patent Claims Against Medtronic, Inc. (MDT), Abbott Laboratories (ABT), Boston Scientific Corporation (BSX)
6/28/2013 8:42:58 AM
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Johnson & Johnson subsidiary Cordis Corp. and Pfizer subsidiary Wyeth Pharma. fail to reserve a lower court's rulings invalidating patents for drug-eluting coronary stent technology.A trio of medical device giants notched another win against Johnson & Johnson(NYSE:JNJ) after a Federal Circuit judge upheld a lower court's ruling that invalidated stent patents held by J&J subsidiary Cordis Corp. Device makers Abbott (NYSE:ABT), Boston Scientific (NYSE:BSX) and Medtronic (NYSE:MDT) cemented their previous win the in long-running battle over drug-eluting stent technology and a coating drug called rapamycin.
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