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U.S. Patent Office rejects Axonics' latest challenge to Medtronic patents Medtronic (NYSE:MDT), the global leader in healthcare technology, today announced that the Patent Trial and Appeal Board (PTAB) of the U.S. Patent...

Key Takeaway: Medtronic announced that the U.S. Patent Trial and Appeal Board has affirmed the validity of two of its patents in a lawsuit against Axonics over sacral neuromodulation technologies. This marks a total of five patents whose validity has now been upheld. Additionally, Medtronic plans to resume its patent infringement litigation in federal court and has filed complaints with the U.S. International Trade Commission to prevent Axonics from importing infringing products. This legal action underpins Medtronic's commitment to protecting its innovations in healthcare technology.

Market Sentiment Analysis

POSITIVE FACTORS

  • The Patent Trial and Appeal Board has upheld the validity of five of Medtronic's patents.
  • Medtronic is moving forward to present its case in a federal court.
  • The company has filed actions to block Axonics from infringing on additional patents.

Full Press Release Details

Medtronic moves for patent infringement litigation to resume
DUBLIN , March 21 , 2024 /PRNewswire/ -- Medtronic (NYSE: MDT ), the global leader in healthcare technology, today announced that the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office has affirmed the validity of claims in two of its patents in an ongoing patent infringement lawsuit filed by Medtronic against Axonics over sacral neuromodulation (SNM) technologies. Cumulatively, the PTAB has now upheld the validity of five of the Medtronic patents at issue in this lawsuit.
Medtronic will now ask the federal court in the Central District of California , where Medtronic's patent infringement lawsuit is pending, to lift its stay on the lawsuit and proceed to trial on the five valid and affirmed patents so Medtronic can present its case in front of a jury.
Medtronic also filed a complaint with the U.S. International Trade Commission (ITC) along with a parallel action in the U.S. District Court for the District of Delaware to block Axonics from improperly importing and selling products that infringe two additional Medtronic patents related to the MRI compatibility of implantable medical devices.
About Medtronic Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland , is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE: MDT ), visit www.Medtronic.com and follow Medtronic on LinkedIn .
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
Laurel Hood Ryan Weispfenning Public Relations Investor Relations +1-763-514-0249 +1-763-505-4626
SOURCE Medtronic plc

21 %

Frequently Asked Questions

What recent legal development involves Medtronic?

Medtronic's patents have been affirmed by the PTAB in an infringement lawsuit.

How many patents have been upheld in the lawsuit?

The PTAB has upheld the validity of five Medtronic patents in total.

What action is Medtronic taking in court?

Medtronic plans to lift the stay on its lawsuit and proceed to trial.

What additional complaint has Medtronic filed?

Medtronic filed a complaint to block imports infringing two more of its patents.

Where is Medtronic headquartered?

Medtronic is headquartered in Dublin, Ireland.

Last updated: Mar 21, 2024