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Smith & Nephew's $85 Million Award Let Stand by Top Court

Dec. 9 (Bloomberg) -- The U.S. Supreme Court left intact an $85 million patent-infringement verdict won by Smith & Nephew Plc in a fight with Arthrex Inc. over anchoring devices used in shoulder surgery.

The justices, without comment, refused today to hear an appeal by Arthrex, a company based in Naples, Florida. The dispute involved devices that are anchored to a bone to repair tears in the rotator cuff or labrum.

London-based Smith & Nephew sued Arthrex in 2004 and won a jury verdict in 2011, only to have a trial judge set the award aside. A federal appeals court then reinstated the verdict, setting up Arthrex’s Supreme Court appeal.

The case is Arthrex v. Smith & Nephew, 13-290.

To contact the reporter on this story: Greg Stohr in Washington at gstohr@bloomberg.net

To contact the editor responsible for this story: Patrick Oster at poster@bloomberg.net

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