J&J’s Depuy Synthes Wins $16 Million in Patent Case
By Phil Milford - Jun 16, 2013 1:30 PM ET
Johnson & Johnson’s (JNJ) DePuy Synthes unit, a maker of artificial spinal repair products, won $16 million in damages from Globus Medical Inc. (GMED) when a jury decided that three of its patents were infringed.
A federal jury in Wilmington, Delaware, also decided June 14 after a two-week trial that the DePuy Synthes patents were valid, according to court records.
Johnson & Johnson, the world’s largest maker of health-care products, reported $67.2 billion in sales last year. Photographer: Scott Eells/Bloomberg
Globus, based in Audubon, Pennsylvania, was sued by the patent owners in 2011. The trial began June 3 and was overseen by U.S. District Judge Leonard Stark.
Ernie Knewitz, a Johnson & Johnson spokesman, declined to immediately comment on the verdict. Ed Joyce, a Globus spokesman, didn’t immediately return an e-mail today seeking comment on it.
Johnson & Johnson, based in New Brunswick, New Jersey, the world’s largest maker of health-care products, reported $67.2 billion in sales last year. Globus reported $957.2 million in fiscal 2012 sales.
The case is DePuy Synthes v. Globus Medical, 11-cv-00652, U.S. District Court, District of Delaware (Wilmington).
To see the patents in the lawsuit, click: 7,875,076; 7,862,616; and 7,846,207.
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