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Product / Company Performance

NuVasive Settles Patent Litigation With Medtronic -

NuVasive announced that the company has agreed to settle its ongoing patent litigation with Medtronic and some of its subsidiaries.

NuVasive and Medtronic will enter into a definitive settlement agreement within 15 days. Then, NuVasive will make a one-time payment of $45MM to Medtronic. As part of the settlement and in exchange for the one-time payment, the companies agreed to certain licenses and other rights, including a standstill of patent litigation and a dispute resolution process to address allegations of patent infringement moving forward.

Source: NuVasive, Inc.

NuVasive recently acquired Biotronic NeuroNetwork for $98MM, and launched several new products.

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