Zevex settles patent infringement suit with medical device manufacturer

By Lisa Kerner

Erie, Pa., April 13 - Zevex said it settled a patent infringement suit against a medical device manufacturer on April 7, according to a form 8-K filing with the Securities and Exchange Commission.

The company filed the complaint in the U.S. District Court on Feb. 23, alleging the infringement of certain patents by a medical device manufacturer that made, sold and offered for sale infusion pumps that Zevex claimed used its technology.

Under the terms of the agreement, Zevex will grant a non-exclusive, royalty-free license to the manufacturer to use certain patents in the intravenous infusion pump market. Additionally, Zevex would dismiss the lawsuit within seven days of the settlement.

The manufacturer will pay Zevex $1 million as well as provide a covenant not to sue under certain claims of patents held by the manufacturer, and provide appropriate patent markings on manufactured product.

The manufacturer was not identified.

Zevex is a medical device company located in Salt Lake City, Utah.

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