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Medical Gear Makers Raise The Bar To Protect Intellectual Property; Legal Budgets Go Up; Attorney: Globalization, competition could lead to more patent disputes.(HEALTH & MEDICINE)(Q & A)
Byline: AMY REEVES
As advances in medical technology keep coming, so do the lawsuits.
Makers of high-tech medical gizmos such as stents, pacemakers and diabetes pumps say they must zealously guard their intellectual property, as more dollars are at stake.
Not long ago Boston Scientific Corp. won a $175 million award from Medtronic Inc. over a stent delivery system. A similar case brought by Johnson & Johnson won $271 million.
Lee Bromberg, an attorney with Bromberg & Sunstein, has represented medical device makers in a number of intellectual property suits.
He says civil courts are heating up as rules tighten in the U.S., and developing countries get better at making knockoffs.
Bromberg talked to IBD about trends in the field.
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