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Angiotech and Conor settle

This article was originally published in The Gray Sheet

Executive Summary

Angiotech reaches "favorable" agreement with Johnson & Johnson/Conor Medsystems Sept. 17 to settle all patent litigation ongoing since 2005 related to its paclitaxel-eluting stent technology. Angiotech licenses the patents in question exclusively to Boston Scientific for its Taxus stent. Johnson & Johnson discontinued development of the patent-relevant CoStar paclitaxel-eluting stent and terminated sales of the product overseas in May following disappointing trial results (1"The Gray Sheet" May 14, 2007, p. 9). The settlement covers all ongoing litigation in the UK, the Netherlands and Australia (2"The Gray Sheet" Jan. 22, 2007, p. 12)

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