Breaking News – Medtronic Sues (OrthoSpineNews)
As a follow-up to our post from Friday regarding Medtronic’s IP lawsuits, we have uncovered additional information on the alleged patent infringement suits that Medtronic has apparently decided to file against 6 Orthopedic and Spine companies. Here is a quick recap of what we kn0w:
1- On May 25, 2013 a new entity was created in Delaware called Orthophoenix, LLC
2- On May 26, 2013 Medtronic transferred over 500 patents (all related to Kyphon) to Orthophoenix, LLC
3- During the first week of June, lawsuits were filed against 6 companies (Wright Medical, DFine, Osseon, Globus/Soitiera, Ascendx Spine and Sintea Plustek).
Some new information that has been gathered is that Orthophoenix, LLC uses the same mailing address as another company called IP Nav (www.ipnav.com). The website for IP Nav lists the following in their “What We Do” section:
“IPNav’s integrated, end-to-end solution turns idle IP assets into revenue streams. Using its proprietary Patent Monetization Platform, IPNav unlocks the value trapped in our clients’ IP portfolios – with timetables and objectives set by the client.”
So it appears that Medtronic...
