NuVasive, Medtronic settle litigation
This article was originally published in The Gray Sheet
Executive Summary
Firms resolve all legal action related to Medtronic's assertion that NuVasive interfered with non-competition and confidentiality agreements by hiring three former Sofamor Danek employees, a Nov. 15 release says. All outstanding lawsuits have been dismissed with prejudice and the parties are keeping the terms of the resolution confidential, according to NuVasive. Medtronic first sued the San Diego firm in 2001 (1"The Gray Sheet" March 15, 2004, p. 22). NuVasive, which plans to enter the artificial disc market with its Maximum Access Surgery system, recently completed an IPO to raise funds to develop injectable disc nucleus replacement materials and total lumbar disc products...