medical devices, lawsuits, Life Sciences

Boston Scientific and Rival Settle Suits

Ryan McBride 1/27/09

Boston Scientific (NSYE:BSX), the Natick, MA-based medical devices giant, and Medtronic (NYSE:MDT) have settled two lawsuits and agreed to stand down from three others to end all litigation between the two industry rivals in the fields of interventional cardiology and endovascular repair, Boston Scientific announced late this afternoon. The company says terms of the settlements with Minneapolis-based Medtronic are confidential, and all the lawsuits were related to intellectual property disputes.

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.