Wright Medical and KFx settle patent litigation and sign a licensing deal

Wright Medical, KFx settle patent spat, ink licensing deal (MassDevice)

KFx Medical said today it and Wright Medical (NSDQ:WMGI) agreed to dismiss patent litigation over rotator cuff repair patents between the companies and ink a licensing deal.

Through the newly inked deal, Memphis, Tenn.-based Wright Medical and its affiliates will have the right to promote the use of products and techniques for knotless double row rotator cuff repair, which KFx owns the patent for, for the life of those patents. Terms of the deal were not disclosed.

“We are proud to have our innovation recognized by Wright. Previously we announced our licensing agreements with Smith & Nephew, Inc., Mitek, a Johnson & Johnson Company, and ConMed for the same patents. I am pleased with the licensing arrangement with these four world leaders and knowing KFx’s valuable double row knotless rotator cuff technology will reach even more patients,” prez & CEO Tate Scott said in a prepared statement.

Last April, KFx inked a licensing deal with ConMed (NSDQ:CNMD) related to its knotless double row rotator cuff repair patents.