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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
05/20/201315:43:12U.S. High Court to Hear Fidelity Case to Clarify Worker Protections
04/04/201317:00:42Appeals Court Reverses $593 Million Award Against J&J
04/04/201316:25:26U.S. Appeals Court Reverses $593 Million Award Against J&J
03/11/201309:56:06Plugging Hearts to Prevent Strokes Remains Area of Debate
03/10/201312:40:50Edwards Lifesciences Says Sapien XT Heart Valve Shows Similar...
12/10/201212:47:10Group of Senate Democrats Seek Delay in Medical Device Tax
11/07/201213:10:08Hospital Stocks Climb, Health Insurers Slump
11/07/201212:45:47Correction to Health-Care Stock Story
11/07/201212:44:33Hospital Stocks Climb, Health Insurers Slump After Election
11/01/201217:45:32New Boston Scientific CEO Seeks Turnaround
10/30/201211:48:46Correction on Story about Health-Care Companies and Sandy
10/29/201213:36:00Medtronic Says Data Clear Path for European Approval of Heart...
10/29/201211:02:12Health-Care Companies Along East Coast Shut Down Offices
10/09/201209:22:36U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
09/18/201213:51:46Court Vacates Ruling That Medtronic Didn't Infringe Patents
09/18/201213:34:11Appeals Court Vacates Ruling That Medtronic Didn't Infringe Boston...
08/29/201215:30:10Boston Scientific to Cut Jobs, Separate Cardiac Units
07/11/201214:42:11EARNINGS PREVIEW: US Medical Device Companies to Show Solid 2Q...
06/26/201217:41:22WSJ BLOG/Health: The Microcomputer In Your Chest Needs A Landline
06/26/201209:43:07WSJ BLOG/Health: A.M. Vitals: Autism Research Set Back and Pharmacists...

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