Healthcare Industry News: Cook
News Release - March 31, 2008
Cook Wins Injunction Against Competitor and Former Sales Representatives Over Violations of Employee Non-Compete AgreementsCourt ruling also places limitations on Endologix's hiring of Cook sales reps
BLOOMINGTON, Ind.--(HSMN NewsFeed)--Cook Medical has won a preliminary injunction against Endologix, Inc. and four former sales reps barring them from violating Cook’s non-compete agreement. The ruling, handed down March 25 in the United States District Court Southern District of Indiana, also enjoins Endologix, which manufactures a device to treat abdominal aortic aneurysm (AAA) that is a direct competitor to Cook’s global sales leading Zenith line of AAA endografts, from hiring Cook sales reps and placing them in their former territories and accounts.
“This ruling further supports Cook’s position that it is improper for competitors to ignore non-compete agreements that are fair and reasonable,” said Pete Yonkman, executive vice president for sales and marketing of Cook Medical. “In addition, we believe the practice of hiring a direct competitor’s sales representatives contributes to unnecessary escalations in health care costs. We spend a great amount of time and resources training our sales representatives to be valued partners in the delivery of quality health care to patients.”
About Cook Medical
Cook Medical was one of the first companies to help popularize interventional medicine, pioneering many of the devices now commonly used worldwide to perform minimally invasive medical procedures. Today, the company integrates device design, biopharma, gene and cell therapy and biotech to enhance patient safety and improve clinical outcomes in the fields of aortic intervention; interventional cardiology; critical care medicine; gastroenterology; radiology, peripheral vascular, bone access and oncology; surgery and soft tissue repair; urology; and assisted reproductive technology, gynecology and high-risk obstetrics. Cook is a past winner of the prestigious Medical Device Manufacturer of the Year Award from Medical Device & Diagnostic Industry magazine. For more information, visit www.Cookmedical.com.
Source: Cook Medical
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