Axonics did not infringe Medtronic's patents, jury rules [Yahoo! Finance]
Axonics, Inc. (AXNX)
Last axonics, inc. earnings: 3/4 04:01 pm
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Source: Yahoo! Finance
after Medtronic alleged the company had copied three elements of its sacral neuromodulation technology. The lawsuit brought before the US Court for California's Central District by Medtronic in 2019 sought to prove that Axonics had infringed three technical elements individually patented within the Medtronic's InterStim device. The suit argued that Axonics' sacral neuromodulation systems, known as r-SNM, infringed US patents No. 8036756, No. 8626314, and No. 9463324, all of which pertain to the charging, temperature control, and wiring system within the device. Axonics announced that the first commercial implants of the Axonics rSNM System in the United States took place on October 29, 2019. A full jury trial before the US courts cleared Axionics, finding that the company did not infringe on any of Medtronic's patents by way of the technology being deemed obvious. In the verdict sheet issued by the court Medtronic failed to adequately prove its claims. Speaking following the v
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- Axonics Reports Third Quarter 2024 Financial ResultsBusiness Wire
AXNX
Earnings
- 11/7/24 - Miss
AXNX
Sec Filings
- 11/15/24 - Form 25-NSE
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- AXNX's page on the SEC website