Axonics Updates On Inter Partes Review Proceedings; Plans To Seek Review Of The PTAB's Finding That Remaining Claims Were Not Unpatentable
Portfolio Pulse from Benzinga Newsdesk
Axonics announced plans to seek review of the PTAB's decision, which invalidated 10 of 15 claims in Medtronic's ‘314 patent but upheld the ‘756 patent claims. The ongoing district court case against Axonics by Medtronic is stayed pending these and other IPRs. Axonics remains committed to defending against Medtronic's claims and focusing on their mission.
March 21, 2024 | 8:58 pm
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NEUTRAL IMPACT
Axonics plans to seek review of the PTAB's decision on Medtronic's patent claims, indicating a proactive legal stance.
Axonics' decision to seek review of the PTAB's findings shows a strong defensive legal strategy, which could reassure investors about its commitment to protecting its interests. However, ongoing legal disputes can be a double-edged sword, potentially leading to volatility in the stock price due to the uncertainty of legal outcomes.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Medtronic's ‘314 patent had 10 of 15 claims invalidated by the PTAB, but the ‘756 patent claims were upheld.
The PTAB's decision presents a mixed outcome for Medtronic, with some patent claims being invalidated while others are upheld. This could have a neutral impact on Medtronic's stock in the short term, as the market digests the implications of these mixed results and the ongoing legal battle with Axonics.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90