Boston Scientific loses a $309 million judgment in its long-running patent war with Mirowski Family ventures over cardiac pacemaker technology.
Boston Scientific (NYSE:BSX) lost a $309 million judgment today in its long-running patent war with the family of the late physician who helped invent the implantable cardioverter defibrillator, Dr. Michel Mirowski.
A jury in Maryland's Montgomery County Circuit Court awarded the damages to Mirowski Family Ventures (Mirowski died in 1990), which originally sued Boston Scientific and its Guidant subsidiary over a secret deal with rival St. Jude Medical (NYSE:STJ) that allegedly cut Mirowski out of some $570 million in royalties and damages.
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