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Medtronic and Johnson and Johnson Reach Agreement on Royalty Disputes
Medtronic, 05/11/09
Medtronic, Inc. announced the settlement of all royalty disputes with Johnson and Johnson which concern Medtronic's licensed use of the Palmaz, Schatz and Pinchuk patents. The agreement ends all current and potential disputes between the two parties under their 1997 settlement and license agreement relating to coronary angioplasty stent design and balloon material patents. Other disputes between the parties are unaffected by this settlement.
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