Arab Today, arab today philips ordered to pay 467mn in masimo patent trial
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Philips ordered to pay $467mn in Masimo patent trial

Arab Today, arab today

Arab Today, arab today Philips ordered to pay $467mn in Masimo patent trial

Dutch electronics giant Philips
New York - AFP

A US jury ordered Dutch electronics giant Philips to pay $466.8 million to the American corporation Masimo for violating two medical device patents.
The eight members of the Delaware jury gave their verdict on Wednesday, after a two-week trial, which came after California-based Masimo had filed a complaint in February 2009.
Jurors also found that Masimo had not infringed a Philips patent, as the Dutch firm had claimed.
"We are very disappointed in the verdict and will appeal this decision of the jury," Philips spokesman Steve Klink said in a statement.
"We remain convinced that Philips has not infringed any valid, enforceable patent claims of the two asserted Masimo patents."
AFP could not immediately reach a Masimo spokesperson for comment. The case involved patents related to pulse oximetry, a non-invasive technique of determining oxygen levels in blood.
Masimo shares closed 12.88 percent higher in New York, at $24.02.

 

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