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Edwards Lifesciences AG et al v. Corevalve Inc., et al, (global settlement)

Defendant: Corevalve Inc.

Court: D. Del.

Date: May 24, 2014

Docket: 1-08-cv-00091

Judge: Sleet

May 20, 2014 – Medtronic and Edwards announced a global settlement in which Medtronic will pay Edwards $750 million and ongoing royalty payments through April 2022.  The royalty payments will be no less than $40 million per yer.  The parties also agreed that neither will sue for patent matters anywhere in the world for eight years in the field of aortic and all other transcatheter heart valves.

April 15, 2014 – Court issues preliminary injunction, but allows Medtronic “to sell a number of Core Valve Generation 3 devices sufficient to meet the needs of patients that Edwards concedes cannot be served by Edwards’ devices.”

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