MAKO, Stanmore Implants Announce MAKO's Purchase of Stanmore Sculptor Robotic Guidance Arm

MAKO Surgical Corp. MAKO and Stanmore Implants Worldwide Ltd. today announced that MAKO has agreed to settle all patent infringement actions and acquire certain assets of Stanmore related to its Sculptor Robotic Guidance Arm (RGA) business. On March 19, 2013, MAKO filed complaints against Stanmore with the U.S. International Trade Commission and the U.S. District Courts of the Northern District of California and the District of Massachusetts collectively alleging infringement of MAKO intellectual property by the Sculptor RGA. Under the confidential settlement and asset purchase agreements between the parties, in exchange for a cash payment to Stanmore, MAKO will withdraw all legal actions and receive Stanmore's robotic business assets and intellectual property, as well as Stanmore's agreement to withdraw from robotics.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsLegalHealth CareHealth Care Equipment
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!