{"id":510144,"date":"2021-07-07T07:33:21","date_gmt":"2021-07-07T11:33:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/conformis-inc-announces-settlement-of-wright-medical-patent-litigation\/"},"modified":"2021-07-07T07:33:21","modified_gmt":"2021-07-07T11:33:21","slug":"conformis-inc-announces-settlement-of-wright-medical-patent-litigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/conformis-inc-announces-settlement-of-wright-medical-patent-litigation\/","title":{"rendered":"Conformis, Inc. Announces Settlement of Wright Medical Patent Litigation"},"content":{"rendered":"

\nConformis Settles Wright Medical Litigation Related to Patient-Specific Instruments for Use with Shoulder Implants
\n<\/h2>\n
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BILLERICA, Mass., July 07, 2021 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS) announced today that it has entered into a settlement with Stryker Corporation (\u201cStryker\u201d) resolving patent litigation involving Wright Medical Technology, Inc. and Tornier, Inc. (together, \u201cWright Medical\u201d). Stryker acquired Wright Medical in November 2020.\u00a0\u00a0<\/p>\n

\u201cWe are pleased to have resolved all of the ongoing patent litigation related to the Wright Medical dispute,\u201d said Mark Augusti, President and Chief Executive Officer. \u201cThe settlement once again highlights the strength and value of our intellectual property, as well as our steadfast commitment to protecting and enforcing it.\u201d<\/p>\n

Under the terms of the settlement, Stryker will make a one-time payment to Conformis and be granted a non-exclusive license with respect to certain Conformis patents.<\/p>\n

Background<\/p>\n

On April 24, 2020, Conformis filed a lawsuit against Wright Medical in the United States District Court for the District of Delaware. Conformis\u2019 amended complaint alleged that Wright Medical\u2019s multiple lines of patient-specific shoulder instruments, as well as the implant components used in conjunction with them, infringed certain Conformis patents.<\/p>\n

\n About\u00a0Conformis, Inc.<\/strong>\n <\/p>\n

Conformis\u00a0is a medical technology company that uses its proprietary iFit\u00ae Image-to-Implant\u00ae technology platform to develop, manufacture, and sell joint replacement implants and instruments that are individually sized and shaped, which we refer to as personalized, individualized, or sometimes as customized, to fit each patient\u2019s unique anatomy. Conformis offers a broad line of sterile, personalized knee and hip implants and single-use instruments delivered to hospitals and ambulatory surgical centers. \u00a0Conformis owns or exclusively in-licenses issued patents and pending patent applications that cover personalized implants and patient-specific instrumentation for all major joints.<\/p>\n

For more information, visit\u00a0www.conformis.com<\/a>.\u00a0 To receive future releases in e-mail alerts, sign up at\u00a0ir.conformis.com<\/a>.<\/p>\n

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\n \n <\/div>\n

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CONTACT:\r\nInvestor Contact\r\nir@conformis.com\u00a0\r\n+1 (781) 374-5598<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Conformis Settles Wright Medical Litigation Related to Patient-Specific Instruments for Use with Shoulder Implants BILLERICA, Mass., July 07, 2021 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS) announced today that it has entered into a settlement with Stryker Corporation (\u201cStryker\u201d) resolving patent litigation involving Wright Medical Technology, Inc. and Tornier, Inc. (together, \u201cWright Medical\u201d). Stryker acquired Wright Medical in November 2020.\u00a0\u00a0 \u201cWe are pleased to have resolved all of the ongoing patent litigation related to the Wright Medical dispute,\u201d said Mark Augusti, President and Chief Executive Officer. \u201cThe settlement once again highlights the strength and value of our intellectual property, as well as our steadfast commitment to protecting and enforcing it.\u201d Under the terms of the settlement, Stryker will make a one-time … <\/p>\n
Continue reading “Conformis, Inc. Announces Settlement of Wright Medical Patent Litigation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510144","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nConformis, Inc. Announces Settlement of Wright Medical Patent Litigation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/conformis-inc-announces-settlement-of-wright-medical-patent-litigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conformis, Inc. Announces Settlement of Wright Medical Patent Litigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Conformis Settles Wright Medical Litigation Related to Patient-Specific Instruments for Use with Shoulder Implants BILLERICA, Mass., July 07, 2021 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS) announced today that it has entered into a settlement with Stryker Corporation (\u201cStryker\u201d) resolving patent litigation involving Wright Medical Technology, Inc. and Tornier, Inc. (together, \u201cWright Medical\u201d). Stryker acquired Wright Medical in November 2020.\u00a0\u00a0 \u201cWe are pleased to have resolved all of the ongoing patent litigation related to the Wright Medical dispute,\u201d said Mark Augusti, President and Chief Executive Officer. \u201cThe settlement once again highlights the strength and value of our intellectual property, as well as our steadfast commitment to protecting and enforcing it.\u201d Under the terms of the settlement, Stryker will make a one-time … Continue reading "Conformis, Inc. 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