News | September 30, 2008

NIR Stent Judgment Requires Boston Scientific to Pay $406.7 Million

October 1, 2008 - Boston Scientific Corp. said today the U.S. District Court in Delaware has entered judgment against the company in a case involving a patent owned by Johnson & Johnson and Boston Scientific’s NIR stent product.

In the judgment, the judge awarded Johnson & Johnson damages in the amount of $406.7 million and pre-judgment interest in the amount of $296.1 million.

Boston Scientific said it will appeal the judgment.

On Sept. 15, the Boston Scientific said the judge in this case had granted Johnson & Johnson’s motion for entry of judgment and had denied Boston Scientific’s motion for a new trial.

The original suit was filed in 1997. Boston Scientific has not sold the NIR stent since 2004.

For more information: www.bostonscientific.com

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