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J&J Appeals Court Decision On Stent Dispute With Boston Sci

By Anjali Athavaley Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Johnson & Johnson's (JNJ) Cordis unit last week appealed an earlier court decision that it must pay Boston Scientific more than $40 million over a patent dispute involving stents, according to court filings. A jury had awarded Boston Scientific about $20 million; last month, U.S. Distict Court Judge Sue Robinson wrote that the company should get twice as much, citing "clear and convincing evidence that Cordis's conduct is sufficiently culpable to justify enhancing damages." Boston Scientific filed a patent infringement lawsuit against Cordis with a U.S. District Court in Minnesota in 2009. The case was later transferred to Delaware. The dispute marked one in a series of battles over stent patents between the two companies. Boston Scientific declined to comment. J&J didn't immediately respond to requests for comment. J&J shares fell a fraction to $63.96 in after-hours trading; Boston Scientific is up a fraction to $5.52. Bloomberg reported the ruling earlier. -By Anjali Athavaley, Dow Jones Newswires; 212-416-4912; anjali.athavaley@dowjones.com

Stock News for Boston Scientific (BSX)
DateTimeHeadline
04/20/201516:01:00Long-Term Data Underscore Safety And Efficacy Of The Boston Scientific...
04/16/201516:05:00Boston Scientific Enrolls First Patient In New Study Designed...
04/14/201516:13:39Current Report Filing (8-k)
04/14/201509:00:00Boston Scientific Signs Strategic Alliance With Frankenman Medical...
04/03/201516:03:56Statement of Changes in Beneficial Ownership (4)
04/03/201516:03:56Statement of Changes in Beneficial Ownership (4)
04/02/201502:40:47First Quarter Large Cap Winners And Losers
04/01/201516:08:02Initial Statement of Beneficial Ownership (3)
04/01/201516:07:07Initial Statement of Beneficial Ownership (3)
04/01/201516:01:00Boston Scientific Agrees to Acquire Xlumena
04/01/201508:30:00Boston Scientific To Webcast Conference Call On First Quarter...
04/01/201507:32:38Is It Time To Book Profits? - Cramer's Mad Money (3/31/15)
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...

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