Acacia unit, Cordis resolve litigation

Acacia Research Corporation's EVM Systems subsidiary has entered a settlement agreement with Cordis Corporation regarding patents for shape memory metal medical instruments.

Acacia's subsidiaries partner with inventors and patent owners, license the patents to corporate users and share the revenue. Acacia Research Corporation's subsidiaries control over 170 patent portfolios, covering technologies used in a wide variety of industries.

The company has faced device giants in the past. In 2008, Acacia Research launched a lawsuit against Boston Scientific, Medtronic and Johnson & Johnson, accusing the three companies of infringing the '097 patent related to catheters. Acacia set up a Texas-based company, Cardio Access to pursue this lawsuit, according to the Prior Art blog

The current settlement agreement resolves litigation pending in the Eastern District of Texas.

- see the Acacia release
- get more from the Prior Art blog

Suggested Articles

Takeda tapped Roche’s Foundation Medicine to develop tissue- and blood-based companion diagnostic tests for its portfolio of lung cancer therapies.

Cellex has announced plans to develop a rapid coronavirus test that people can fully perform at home, from sample collection to result, using an app.

More than 20 states either don’t release or have incomplete data on the rapid antigen tests now considered key to containing the coronavirus.