Healthcare Industry News: Edwards Lifesciences
News Release - October 16, 2008
German Court Finds Edwards Lifesciences' Transcatheter Valve Patent Not Infringed by CoreValveCompany Plans Prompt Appeal
IRVINE, CA--(Healthcare Sales & Marketing Network)--Oct 16, 2008 -- Edwards Lifesciences Corporation (NYSE:EW ), the world leader in the science of heart valves, announced today that the District Court of Düsseldorf, Germany, has rejected its assertion that CoreValve, Inc., is infringing Edwards' German patent for its transcatheter heart valve technology. The company remains convinced that CoreValve's product infringes Edwards' intellectual property and will promptly appeal this decision. The ruling has no effect on sales of the Edwards SAPIEN transcatheter heart valve in Germany or anywhere else.
"While we are disappointed by this initial court decision, defending our intellectual property is only one element of our broader leadership strategy," said Larry L. Wood, Edwards' corporate vice president, transcatheter valve replacement.
Separately, the Federal Patent Court in Munich, Germany, will rule on the validity of Edwards' Andersen patent in early 2009. Edwards also has lawsuits against CoreValve in the United Kingdom and the United States for infringement of the Andersen family of patents.
About Edwards Lifesciences
Edwards Lifesciences is the global leader in the science of heart valves and hemodynamic monitoring. Headquartered in Irvine, Calif., Edwards treats advanced cardiovascular disease with its market-leading heart valve therapies, and critical care and vascular technologies. In 2008, Edwards celebrates 50 years of partnering with clinicians to develop life-saving innovations. The company's global brands, which are sold in approximately 100 countries, include CardioVations, Carpentier-Edwards, Cosgrove-Edwards, FloTrac, Fogarty, PERIMOUNT Magna and Swan-Ganz. Additional company information can be found at http://www.edwards.com.
Edwards is a trademark of Edwards Lifesciences Corporation. Edwards Lifesciences, the stylized E logo, Carpentier-Edwards, Cosgrove-Edwards, Edwards SAPIEN, FloTrac, Fogarty, Magna, PERIMOUNT Magna and Swan-Ganz are trademarks of Edwards Lifesciences Corporation and are registered in the United States Patent and Trademark Office. CardioVations is a trademark of Edwards Lifesciences AG and is registered in the United States Patent and Trademark Office.
Source: Edwards Lifesciences
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