Stryker settles hip implant suit against J&J's DePuy (MassDevice)
Stryker Corp. settles a patent infringement lawsuit filed against Johnson & Johnson's DePuy Orthopaedics division; co-defendants Wright Medical, Zimmer Holdings and Smith & Nephew move to have their cases tossed as well.
Stryker (NYSE:SYK) agreed to dismiss Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics from a patent infringement lawsuit brought over Stryker's patent for a hip implant component.
Stryker leveled the suit against DePuy and a quartet of other orthopedics rivals in November 2011, accusing the J&J division,Smith & Nephew (FTSE:SN, NYSE:SNN), Wright Medical (NSDQ:WMGI) and Zimmer (NYSE:ZMH) of violating a Stryker patent for "Acetabular Cup Assembly With Selected Bearing," according to court documents.
The component, an acetabular cup "featuring a dual-locking mechanism and capable of accommodating a plurality of bearings with different characteristics," has allowed Stryker to achieve "significant commercial success," according to the lawsuits, filed in the U.S. District Court for New Jersey.
The suits against Smith & Nephew, Wright and Zimmer were consolidated with t...
