Monday, 26 September 2022

Philips loses $467 Mn patent verdict to Masimo

06 October 2014 | News | By BioSpectrum Bureau

Philips loses $467 Mn patent verdict to Masimo

(Photo Courtesy: www.androidheadlines.com)

(Photo Courtesy: www.androidheadlines.com)

Philips initially denied the infringement but now surprisingly has admitted to the act.

The case was filed in 2009 by Masimo in the US District Court for Delaware. Later, Royal Philips also filed a counter-claim against it.

"We are very disappointed in the verdict of the jury and surprised by the magnitude of the proposed award," said Mr Frans van Houten, CEO, Royal Philips in a statement. "Philips intends to pursue all avenues of appeal of this verdict at both the district and appellate courts in the US."

Last month, Royal Philips announced its landmark decision to split itself into two different companies, separating its lighting business from its amalgamated healthcare and consumer electronics divisons.

This judgment may cause damage to its healthcare product brand value. 

Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account