AGA Medical Announces Verdict in Jury Phase of Patent Infringement Suit
MINNEAPOLIS, August 6, 2009 — AGA Medical Holdings, Inc. (AGA Medical) today announced the completion of the first phase of a litigation between AGA Medical and Medtronic, Inc., in which a California jury returned a verdict that some of AGA Medical's products infringed some of the claims of patents held by Medtronic, and that these patents have not been proven invalid over prior art. A second, non-jury phase of the trial dealing with other issues of invalidity and unenforceability of the Medtronic patents, which could affect the final outcome, has been scheduled for later this year. The damages awarded in the jury's verdict were about half of what Medtronic had originally sought. In addition, an unrelated case that is currently pending at the U.S. Court of Appeals for the Federal Circuit involves issues that may significantly reduce AGA Medical's liability and any potential damages awarded in this case.
“While we are disappointed with this interim result, AGA Medical will continue to vigorously defend the case,” said John Barr, president and chief executive officer of AGA Medical.
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ABOUT AGA MEDICAL HOLDINGS, INC.: AGA Medical Holdings, Inc., based in Plymouth, Minnesota, is a leader in developing interventional devices for the minimally invasive treatment of cardiovascular defects and peripheral vascular disease. Founded in 1995 by Dr. Kurt Amplatz, a former professor and researcher at the University of Minnesota Department of Radiology, AGA Medical develops and commercializes devices for a range of structural heart repair and circulatory conditions. Several of these devices have been major innovations in the treatment of the most common congenital "holes in the heart", such as atrial septal defects and patent foramen ovales.
More than 700 articles have been published in medical literature that support the benefits of AGA Medical devices, including improved patient outcomes, reduced length of stay, and accelerated recovery times for the patient. AGA Medical devices have received regulatory approval and are marketed in 101 countries. For more information visit www.amplatzer.com.
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MEDIA CONTACT:
Padilla Speer Beardsley
Kristen Spargo
612.455.1741
KSpargo@psbpr.com