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