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Stock impact report

Axonics gains after win in trial in patent dispute with Medtronic [Seeking Alpha]

Axonics, Inc. (AXNX) 
Last axonics, inc. earnings: 3/4 04:01 pm Check Earnings Report
Company Research Source: Seeking Alpha
Medtronic ( MDT ) was seeking $150 million in a patent dispute with Axonics ( AXNX ), thought it was awarded nothing from a jury in Central District of California court on Wednesday. "Medtronic respectfully disagrees with the jury's verdict and will file post-trial motions, and an appeal, if necessary, to overturn this verdict," Medtronic said in a statement emailed to Seeking Alpha. "Additionally, Medtronic will continue fighting to protect and enforce its intellectual property rights with a pending case against Axonics at the International Trade Commission." The court decision comes after The Patent Trial and Appeal Board of the U.S. Patent and Trademark Office affirmed as valid claims for two Medtronic MDT ) patents related to sacral neuromodulation technologies in an ongoing lawsuit against Axonics ( AXNX ) in March. In late February, Axonics ( AXNX ) said Medtronic ( MDT filed a complaint with the U.S. International Trade Commission and the U.S. District Court in Delaware Show less Read more
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