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Boston Scientific and Johnson & Johnson Announce Settlement of Patent Disputes
Boston Scientific, 09/30/09
Boston Scientific Corporation announced the settlement of more than a dozen lawsuits involving Johnson & Johnson, including the Palmaz–NIR suit. All the disputes involved intellectual property in the interventional cardiology arena. In connection with the settlement, Boston Scientific will make a payment of $716 million to Johnson & Johnson. The settlement payment is within Boston Scientific's existing reserve for the Palmaz–NIR suit and will be made from existing cash on hand.
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