May 20, 2016 / 10:14 PM / 3 years ago

Edwards unit wins $70 mln verdict in heart valve trade secrets case

Medical device maker Neovasc Inc has been hit with a $70 million jury verdict in a trade secret lawsuit filed by a former client, Edwards Lifesciences Corp unit CardiAQ Valve Technologies Inc.

The jury in the U.S. District Court for the District of Massachusetts handed down the verdict on Thursday, a day after it began deliberating. The jury found that Neovasc misappropriated CardiAQ’s trade secrets related to heart valve replacement technology while providing valve assembly services to CardiAQ.

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