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Medtronic settles spine patent dispute for $1.35bn

This article was originally published in Clinica

Executive Summary

Medtronic has agreed to pay about $1.35bn to end patent litigation with Gary Michelson, the inventor of some of its spinal technologies. In the settlement deal, Medtronic will take ownership of more than 700 issued and pending US and foreign patents. It will also gain access to spinal diagnosis and treatment inventions by spinal surgeon Dr Michelson and the company he set up, Karlin Technology, in the 15 years following the closing of the acquisition of these technologies.

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