Boston Scientific and Edwards Lifesciences Agree to Global Litigation Settlement of Patent Disputes

January 15, 2019—Boston Scientific Corporation and Edwards Lifesciences announced that they have reached an agreement to settle all outstanding patent disputes between their companies in all venues around the world.

The companies stated that all pending cases or appeals in courts and patent offices between the two companies will be dismissed, and the parties will not litigate patent disputes related to current portfolios of transcatheter aortic valves, certain mitral valve repair devices, and left atrial appendage closure devices. Any injunctions currently in place will be lifted.

Under the terms of the agreement, Edwards has made a one-time payment to Boston Scientific of $180 million. No further royalties will be owed by either party under the agreement. All other terms remain confidential, advised the companies.