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Federal Court Rules In Favor Of Boston Scientific In J&J Patent Case

DOW JONES NEWSWIRES A federal court ruled a stent system made by Boston Scientific Corp. (BSX) doesn't infringe on Johnson & Johnson (JNJ) patents, a judgment that helps the medical-device maker notch a win in a patent war with the health-care products giant. Johnson & Johnson had alleged in a 2008 suit that Boston Scientific's Promus everolimus-eluting coronary stent system infringed on two of its patents. Boston Scientific on Monday touted a decision from a federal court in New Jersey, saying the court had found the patents to be invalid. "Boston Scientific will continue to vigorously defend against any claims of infringement," said Tim Pratt, general counsel for the company. A spokeswoman for Johnson & Johnson couldn't immediately be reached for comment. The two companies have been locked in a long-running battle over intellectual property for heart stents, with both scoring some victories along the way. Johnson & Johnson shares were recently down slightly to $65.25 premarket, while Boston Scientific were up 1.2% to $6.05. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Boston Scientific (BSX)
DateTimeHeadline
03/24/201516:21:27Additional Proxy Soliciting Materials (definitive) (defa14a)
03/24/201516:19:15Proxy Statement (definitive) (def 14a)
03/24/201516:01:00Boston Scientific Announces First U.S. Commercial Procedures...
03/23/201519:46:25Significant Revenue Gains In Store For Boston Scientific
03/23/201516:06:44Statement of Changes in Beneficial Ownership (4)
03/23/201516:06:44Statement of Changes in Beneficial Ownership (4)
03/18/201519:15:18Boston's Watchman Approved In The US For Warfarin Refuseniks
03/17/201518:55:09Boston Sci's EMBLEM subcutaneous implantable defibrillator cleared...
03/17/201516:01:00Boston Scientific announces FDA and CE Mark Approval Of The EMBLEM⢠S...
03/16/201516:29:38Statement of Changes in Beneficial Ownership (4)
03/16/201509:54:34FDA approves Boston Sci's Watchman device
03/13/201518:54:00Boston Scientific Receives FDA Approval for WATCHMAN⢠Left A...
03/09/201516:04:55Statement of Changes in Beneficial Ownership (4)
03/06/201508:04:35J & J on the hook for $5.7M in California mesh trial
03/04/201516:19:40Statement of Changes in Beneficial Ownership (4)
03/04/201516:19:40Statement of Changes in Beneficial Ownership (4)
03/04/201516:19:39Statement of Changes in Beneficial Ownership (4)
03/04/201516:19:39Statement of Changes in Beneficial Ownership (4)
03/03/201517:37:15Statement of Changes in Beneficial Ownership (4)
03/03/201517:35:37Statement of Changes in Beneficial Ownership (4)

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