Please do not leave this page until complete. This can take a few moments.
Just as Boston Scientific wrapped up a years-long fight over stent patents, the Natick-based medical device manufacturer was hit with another suit by the family of the inventor of the pacemaker, alleging a secret deal.
The family of Dr. Michel Mirowski, who invented the implantable cardioverter defibrillator, accused Boston Scientific of clandestinely settling a suit with rival St. Jude Medical, cutting Mirowski out of roughly $570 million in royalties and damages. The settlement was designed to cover up false testimony in an earlier patent infringement case, Mirowski alleges.
The 10-count suit, filed last week in U.S. District Court in Maryland, accused Boston Scientific of breach of contract, constructive fraud and unjust enrichment, among other allegations. The suit claims Boston Scientific violated its contract with Mirowski by failing to pass along any of its settlement proceeds from the St. Jude case.
Boston Scientific, though, got another lawsuit off its plate Tuesday, when it announced a settlement in a multinational squabble with OrbusNeich, a vascular device specialist. OrbusNeich first sued Boston Scientific in 2009, alleging the company had violated its patent with many of its stents, including the popular Promus Element and new Promus Premier.
BostonScientific will make a one-time, undisclosed payment to OrbusNeich, settling cases in Germany, Ireland, the Netherlands, the U.K. and Massachusetts.
Read more
Boston Scientific Buys Mass. Division Of N.J. Firm
Boston Scientific Issues $1B In Debt Notes
Medical Journal Boosts Boston Scientific Device
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments