Medtronic owes $382 million to medical device rival in antitrust lawsuit, US jury says

Reuters

02/06

Feb 5 (Reuters) - Medical technology company Medtronic MDT.N owes rival device manufacturer Applied Medical Resources $382 million in damages for unlawfully monopolizing the market for blood-vessel sealing surgical devices, a jury in federal court in California said in a verdict on Thursday.

The jury in Santa Ana found Medtronic violated antitrust law by selling its LigaSure device below cost and bundling it with other products, according to an attorney for Applied Medical.

(Reporting by Mike Scarcella in Washington; additional reporting by Blake Brittain in Washington, editing by Chris Reese)

((blake.brittain@tr.com; +1 (202) 938-5713))

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