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

Published: Mar 07, 2011

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.)

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