J&J; to Pay $15 Million in Interpore Lawsuit
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Johnson & Johnson, the world’s second-biggest health-care products company, will pay $15 million and future royalties to settle a lawsuit claiming it infringed an Irvine company’s patent for a screw used in spinal implants.
Interpore International Inc. sued Johnson & Johnson’s DePuy AcroMed Inc. unit, saying the business used technology protected by Interpore patents. DePuy, the second-biggest maker of spinal implants, agreed to settle the suit after a federal judge in Santa Ana ruled against it, Interpore said.
Shares of Interpore rose $1.10 to $7.14 on Nasdaq. Shares of Johnson & Johnson fell $1.43 to $52.18 on the NYSE.
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