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WRIGHT MUST GIVE UP EXCLUSIVE RIGHTS TO MAYO FINGER IMPLANT TECHNOLOGY

This article was originally published in The Gray Sheet

Executive Summary

WRIGHT MUST GIVE UP EXCLUSIVE RIGHTS TO MAYO FINGER IMPLANT TECHNOLOGY held by its recently acquired Orthomet business under a proposed consent decree with the Federal Trade Commission announced Dec. 8. The agreement, which cleared the way for Wright Medical's acquisition of Orthomet, requires Wright to relinquish Orthomet's exclusive rights to finger implant technology developed by the Mayo Foundation so that Mayo can either "find another non- exclusive licensee in addition to Wright" or "grant an exclusive license to an entity other than Wright," according to FTC.
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