Medtronic Settles Patent Dispute With W.L. Gore
Stock quotes in this article:
MDT
MINNEAPOLIS (AP) — Medical device maker Medtronic Inc. said Wednesday it settled a patent dispute with W.L. Gore Associates and expects a one-time gain during the fiscal second quarter.
Medtronic initiated the dispute in 2006 in regard to several patents dealing with medical devices made of nitinol, which is a shape-memory metal alloy. Specific terms of the settlement are confidential, the company said. Shares of Medtronic fell 26 cents to $37.89 in afternoon trading.- Loading Comments...
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