OrbusNeich, Boston Scientific Settle Patent Litigation
FORT LAUDERDALE, Fla. and NATICK, Mass., Sept. 17, 2013
FORT LAUDERDALE, Fla. and NATICK, Mass., Sept. 17, 2013 /PRNewswire/ --
OrbusNeich Medical Inc. and Boston Scientific Corporation (NYSE: BSX) have
settled all stent-related litigation between the companies. The agreement
resolves cases brought by the parties in Germany, the Netherlands, Ireland,
the United Kingdom and the United States. The agreement, which includes a
one-time payment from Boston Scientific to OrbusNeich, settles all
stent-related disputes between the companies and does not include future
OrbusNeich is a global company that designs, develops, manufactures and
markets innovative medical devices for the treatment of vascular diseases.
Current products are the world's first dual therapy stent, the COMBO™ Dual
Therapy Stent, and the world's first pro-healing stent, the Genous™ Stent.
Other products include stents and balloons marketed under the names of Azule™,
R stent, Scoreflex™, Sapphire™, Sapphire II and Sapphire NC. OrbusNeich is
headquartered in Hong Kong and has operations in Shenzhen, China; Fort
Lauderdale, Fla.; Hoevelaken, The Netherlands; and Tokyo, Japan. OrbusNeich
supplies medical devices to interventional cardiologists in more than 60
countries. For more information, visit www.OrbusNeich.com.
About Boston Scientific
Boston Scientific transforms lives through innovative medical solutions that
improve the health of patients around the world. As a global medical
technology leader for more than 30 years, we advance science for life by
providing a broad range of high performance solutions that address unmet
patient needs and reduce the cost of healthcare. For more information, visit
www.bostonscientific.com and connect on Twitter and Facebook.
CONTACTS: OrbusNeich Medical:
Boston Scientific: Jamie Moser / Bryan Darrow
Joele Frank, Wilkinson Brimmer Katcher
Peter Lucht 212-355-4449
SOURCE OrbusNeich Medical Inc.; Boston Scientific Corporation
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