medical devices, Life Sciences, Boston Scientific

BSX to Pay J&J $703M in Stent Suit

Ryan McBride 10/1/08

Boston Scientific (NYSE:BSX), a Natick, MA-based medical devices maker, has been ordered to pay $703 million to the Cordis unit of medical products giant Johnson & Johnson for infringing on a Cordis patent on stents, according to J&J. The U.S. District Court of Delaware made a final judgment in the case that also involved Minneapolis-based medical devices firm Medtronic, which was ordered to pay Cordis $521 million.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.