Covidien settles Medrad litigation

AuntMinnie.com staff writers
Feb 13, 2008

Covidien and interventional technology provider Medrad have inked a deal to settle their pending litigation.

Under the terms of the agreement, Covidien of Hamilton, Bermuda, will pay Medrad $17 million. In exchange, Medrad will agree not to assert any claim of patent infringement against any of Covidien's powered injectors, according to filings with the U.S. Securities and Exchange Commission.

In other Medrad news, the Indianola, PA-based company said it has reached a milestone with its Mark V ProVis angiography injection system. The company recently delivered its 10,000th unit.

Related Reading

Medrad to buy Possis Medical, February 11, 2008

NRC investigates Covidien production issue, February 8, 2008

Medical sales drive Covidien's Q1 growth, February 7, 2008

Road to RSNA, MRI, Medrad, October 29, 2007

Road to RSNA, CT, Medrad, October 22, 2007

Copyright © 2008 AuntMinnie.com

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