Brief: Nevro And Boston Scientific Announce The Settlement Of Their Ongoing Intellectual Property Litigations

Nevro

01/08/2022 12:43

Aug 1 (Reuters) - Boston Scientific Corp  BSX.N :
    * NEVRO AND BOSTON SCIENTIFIC ANNOUNCE THE SETTLEMENT OF
THEIR
ONGOING INTELLECTUAL PROPERTY LITIGATIONS
    * BOSTON SCIENTIFIC - NEVRO TO GRANT CO WORLDWIDE,
NON-EXCLUSIVE,
NON-TRANSFERABLE LICENSE TO PRACTICE PARESTHESIA-FREE THERAPY AT
FREQUENCIES BELOW 1,500 HZ
    * BOSTON SCIENTIFIC - NEVRO TO GRANT CO COVENANT NOT TO SUE
FOR
FEATURES EMBODIED IN CURRENT BOSTON SCIENTIFIC PRODUCTS FOR
FREQUENCIES BELOW 1,500 HZ
    * BOSTON SCIENTIFIC CORP - SETTLEMENT CONCLUDES ALL OF
EXISTING
LITIGATIONS BETWEEN NEVRO AND BOSTON SCIENTIFIC
    * BOSTON SCIENTIFIC CORP - SETTLEMENT INCLUDES A NET PAYMENT
FROM
BOSTON SCIENTIFIC TO NEVRO OF $85 MILLION

Source text for Eikon:  ID:nPn3Mm5Dha 
Further company coverage:  BSX.N 

 ((Reuters.Briefs@thomsonreuters.com;))