Boston Scientific announces settlement with Guidant.Boston Scientific The Boston Scientific Corporation (NYSE: BSX) (abbreviated BSC), is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional cardiology, peripheral interventions, Corporation (Natick, MA) has entered into an agreement with Guidant Corporation to settle all outstanding litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. between the two companies. Boston Scientific and Guidant have pending a number of lawsuits in which each has accused the other of patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. . This litigation involves coronary stents, coronary stent delivery systems and dilatation catheters. All pending disputes between the companies will be immediately dismissed. In addition, the companies have agreed to cross license patents in certain specified technology areas. "We are pleased to have reached a reasonable commercial settlement of the lawsuits between Boston Scientific and Guidant," said Jim Tobin James Anthony Tobin, known as Abba Dabba, (December 27, 1912, Oakland, California—May 19, 1969, Oakland) was a right-handed major league baseball pitcher with the Pittsburgh Pirates, Boston Bees/Braves and Detroit Tigers from 1937 to 1945. , President and Chief Executive Officer of Boston Scientific. "We are also pleased to have reached agreement on additional cross licenses, which will help reduce the possibility of future patent disputes between our companies. This is very welcome news, which we believe will benefit both companies and offer physicians and patients continued access to a broad range of treatment alternatives." Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties Medical Specialties See also anatomy; disease and illness; drugs; health; remedies; surgery. adenography the science of the description of glands. — adenographic, adj. . Boston Scientific Corporation +1-508-650-8569 www.bostonscientific.com |
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