September 18, 2018 / 11:56 PM / a month ago

Smith & Nephew pays $10.5 million to settle ConforMIS patent case

Medical technology company Smith & Nephew Inc has agreed to pay $10.5 million to smaller rival ConforMIS Inc to settle patent infringement claims, ConforMIS said in a press release on Monday.

The settlement, which includes a limited cross-licensing agreement, resolves a 2016 lawsuit ConforMIS filed in federal court in Boston against Smith & Nephew over the latter’s Visionaire cutting guides for knee replacement surgery.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2MKHI23

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