Edwards Lifesciences Corporation Wins $392 Million In Showdown Against Medtronic, Inc.
Published: Jan 16, 2014
Edwards Lifesciences Corp. (EW), awarded more than $392 million in a patent-infringement lawsuit against Medtronic Inc. (MDT), plans to ask a judge to prevent its rival from selling a new heart-valve device in the U.S. Medtronic was set to begin selling its CoreValve by April pending Food and Drug Administration clearance, one of the biggest medical-device approvals anticipated by investors this year. Edwards has had the U.S. market to itself for the aortic valves inserted without cracking the chest since November 2011.
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