U.S. Patent Office Rejects Axonics' Latest Challenge To Medtronic Patents; 'Medtronic Will Now Ask The Federal Court To Lift Its Stay On The Lawsuit And Proceed To Trial On The Five Valid And Affirmed Patents'
Portfolio Pulse from Happy Mohamed
The U.S. Patent Office has upheld the validity of five Medtronic patents in a lawsuit against Axonics over sacral neuromodulation technologies. Medtronic plans to resume its patent infringement lawsuit in California and has also filed a complaint with the U.S. International Trade Commission to block Axonics from importing products that infringe on Medtronic's patents.

March 21, 2024 | 6:54 pm
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Medtronic's patents have been upheld in a lawsuit against Axonics, and the company is moving to resume the trial. Additionally, Medtronic has filed a complaint to block Axonics from importing infringing products.
The affirmation of Medtronic's patents by the U.S. Patent Office and the move to resume the trial against Axonics, coupled with the action to block infringing imports, are likely to positively impact Medtronic's stock in the short term. This development underscores Medtronic's strong position in protecting its intellectual property, which is crucial for its business in the competitive healthcare technology sector.
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