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Boston Scientific has agreed to pay rival Johnson & Johnson $600 million as part of a settlement of a lawsuit stemming from Boston Scientific's acquisition of Guidant Corp. nine years ago, the Marlborough life sciences company announced Tuesday.
In the lawsuit, Johnson & Johnson alleged that Guidant broke a deal it had with Johnson & Johnson to merge with that firm, and sought $7.2 billion in damages. Guidant disputed the allegations.
As part of the settlement, BSX said Johnson & Johnson has agreed to dismiss its lawsuit without acknowledgment of liability by Guidant. Also, BSX has agreed not to bring patent infringement or other claims related to three of Johnson & Johnson's stent products, the BSX statement said.
ReWalk Robotics of Marlborough reported a 283 percent jump in revenue, to $1.5 million, for the fourth quarter of 2014 compared with the same quarter in 2013.
Boston Scientific Corp. (NYSE: BSX) of Marlborough saw sales improve in the fourth quarter and throughout 2014, thanks in large part to strong sales of the company's cardiovascular devices.
Quest Diagnostics, which recently opened an $80 million medical laboratory in Marlborough, slightly beat analysts' expectations for earnings in the fourth quarter of 2014.
Recruiters at General Electric's Healthcare Life Sciences division -- currently of New Jersey, soon to be of Marlborough -- are in the middle of a hiring frenzy as they prepare to launch operations at the division's new U.S. headquarters late this summer.
By 2017, GE estimates it'll employ about 500 at the Marlborough site, with positions ranging from customer service staff and project managers to scientists and engineers.
Temp Air Inc., which makes and installs temporary HVAC systems, has moved its Massachusetts operations from along the 495 belt in Marlborough to Worcester.
Qualtre, of Marlborough, a manufacturer of acoustic wave motion sensors, has signed a sales agreement with a Tokyo firm that will help expand Qualtre's market, the company announced.
Sumitomo Dainippon Pharma Co. Ltd. and its U.S. subsidiary, Sunovion Pharmaceuticals Inc. of Marlborough filed patent infringement lawsuits Wednesday related to its antipsychotic drug Lutuda.
Doctors Express, an urgent-care franchise with locations in Central Massachusetts, will offer health care to patients of physicians who belong to the Central Massachusetts Independent Physicians Association (CMIPA) under a new partnership that both organizations said will improve access to urgent care.