Spectranetics Corp (f/k/a SPNC)

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Wednesday, April 9, 2008
Medtronic settles Spectranetics suit
Minneapolis / St. Paul Business Journal - by Carissa Wyant Staff Writer

Medtronic Inc. has settled a lawsuit with Spectranetics Corp. over a technology used by Medtronic that Spectranetics claimed to have patented, media reports said.

Bloomberg News said that an attorney for Fridley-based Medtronic (NYSE: MDT) wrote a letter to a U.S. District judge in Austin, Texas, saying that a settlement was reached Monday in a case involving technology used for sucking deposits out of blood vessels, the heart and lungs.

The letter provided no further details of the settlement.

Colorado Springs, Colo.-based Spectranetics had alleged that Medtronic's Export XT 6F model aspiration catheter infringed on a patent it held for catheter devices that remove intravascular, pulmonary and cardiac obstructions.

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