Bard Receives $13 Million Award From Boston Scientific in Patent Infringement Suit.Health/Medical Writers, Business Editors MURRAY HILL, N.J.--(BW HealthWire)--October 9, 2000 C. R. Bard bard, in Wales, term originally used to refer to the order of minstrel-poets who composed and recited the poems that celebrated the feats of Celtic chieftains and warriors. The term bard in present-day usage has become synonymous with poet, particularly a revered poet., Inc. (NYSE-BCR) today announced payment of $13.28 million in damages, interest and costs from Boston Scientific Corporation, concluding a patent infringement suit by Bard against Boston Scientific. A jury determined in June 1997 that an esophageal esophageal /esoph·a·ge·al/ (e-sof?ah-je´al) of or pertaining to the esophagus. dilation 1. the act of dilating or stretching. 2. dilatation. di·la·tion (d -l catheter sold by Boston Scientific's Microvasive Endoscopy division infringed a United States patent issued to Bard and awarded Bard damages of $10.8 million. Boston Scientific appealed the judgment, and its last appeal was rejected by the courts in September. Esophageal dilation catheters are used to treat strictures stricture /stric·ture/ (strik´chur) stenosis. stric·ture (str k ch of the esophagus resulting from acid reflux acid refluxn. disease, esophageal cancer and other causes. Bard is a leading supplier of these devices worldwide. See heartburn. Because Boston Scientific's infringement affected sales of Bard's Elminator(TM) dilation catheter, the jury compensated Bard with an award of lost profits, as well as other damages. William H. Longfield, chairman and chief executive officer, commented, "We are pleased that the appeals court upheld the jury's award and that this chapter is concluded. Bard will continue to vigorously protect its intellectual property." C. R. Bard, Inc., (www.crbard.com) headquartered in Murray Hill, New Jersey, is a leading multinational developer, manufacturer and marketer of health care products in the fields of vascular, urology, oncology and surgical specialty products. |
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