Healthcare Industry News: Balloon Kyphoplasty
News Release - January 17, 2006
Dr. Harvinder Sandhu & Kyphon File Suit Against Sofamor DanekSUNNYVALE, Calif., Jan. 17 (HSMN NewsFeed) -- Kyphon Inc. (Nasdaq: KYPH ) today announced that suit was filed in late November 2005 in federal district court in Memphis, Tennessee against Medtronic Sofamor Danek and several other related corporate entities seeking compensatory and punitive damages and injunctive relief for breach of contract and related covenants, trade secret theft, fraud, unjust enrichment, and correction of inventorship of several patents and patent applications presently owned by Sofamor Danek, including U.S. Patent No. 6,676,665. The complaint was unsealed on January 17, 2006 at Kyphon's request after the parties were unable to reach an agreement resolving their dispute.
The suit against Sofamor Danek, filed by both Dr. Sandhu and Kyphon, seeks redress for Sofamor Danek's alleged misconduct and requests, among other relief, that Sofamor Danek transfer to Dr. Sandhu ownership of its patents and patent applications covering his bone tamp inventions, including the '665 patent, and that Sofamor Danek respect Dr. Sandhu's rights and not commercialize his inventions without permission.
About Kyphon Inc.
Kyphon develops and markets medical devices designed to restore spinal function using minimally invasive technologies. The company's KyphX line of products are used in Balloon Kyphoplasty, a minimally invasive procedure to treat spinal fractures caused by osteoporosis or cancer. For more information, visit Kyphon's Web site at http://www.kyphon.com .
NOTE: Kyphon and KyphX are registered trademarks of Kyphon Inc.
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