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Boston Scientific Corporation and Medtronic, Inc. Reach Agreement

by Joan Trombetti, Writer | January 28, 2009
Boston Scientific Corporation
Boston Scientific Corporation and Medtronic, Inc. settled two lawsuits and came to an agreement to stand down in three others. These agreements stop all current litigation between the two parties in the fields of interventional cardiology and endovascular repair. All the disputes involved intellectual property.

The stand-down agreements are time-limited and involve only Medtronic and Boston Scientific. While the terms of the settlement remain confidential, Boston Scientific said the agreements will not have a material impact on its financial results.

For more information, please visit: www.bostonscientific.com.