August 13, 2014 by Brad Perriello
Stryker Corp. settles a patent infringement lawsuit filed against Johnson & Johnson’s DePuy Orthopaedics division; co-defendants Wright Medical, Zimmer Holdings and Smith & Nephew move to have their cases tossed as well.
Stryker (NYSE:SYK) agreed to dismiss Johnson & Johnson(NYSE:JNJ) subsidiary DePuy Orthopaedics from a patent infringement lawsuit brought over Stryker’s patent for a hip implant component.
Stryker leveled the suit against DePuy and a quartet of other orthopedics rivals in November 2011, accusing the J&J division,Smith & Nephew (FTSE:SN, NYSE:SNN), Wright Medical (NSDQ:WMGI) and Zimmer (NYSE:ZMH) of violating a Stryker patent for “Acetabular Cup Assembly With Selected Bearing,” according to court documents.
