In the lawsuit, filed April 24, 2020, Conformis alleged that several of Wright Medical’s patient-specific shoulder instruments — and the implant components used in conjunction with them — infringed upon its patents.
Under the settlement, Stryker will make a one-time payment to Conformis and receive a non-exclusive license related to certain Conformis patents.
“We are pleased to have resolved all of the ongoing patent litigation related to the Wright Medical dispute,” Mark Augusti, Conformis President and CEO said in a July 7 news release. “The settlement once again highlights the strength and value of our intellectual property, as well as our steadfast commitment to protecting and enforcing it.”
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
