Apr 17 2013
MAKO Surgical Corp. and Stanmore Implants Worldwide Ltd. today announced that MAKO has agreed to settle all patent infringement actions and acquire certain assets of Stanmore related to its Sculptor Robotic Guidance Arm (RGA) business.
On March 19, 2013, MAKO filed complaints against Stanmore with the U.S. International Trade Commission and the U.S. District Courts of the Northern District of California and the District of Massachusetts collectively alleging infringement of MAKO intellectual property by the Sculptor RGA.
Under the confidential settlement and asset purchase agreements between the parties, in exchange for a cash payment to Stanmore, MAKO will withdraw all legal actions and receive Stanmore's robotic business assets and intellectual property, as well as Stanmore's agreement to withdraw from robotics.
"Stanmore is pleased to have reached closure in this matter," said Michael R. Mainelli, Jr., President and Chief Executive Officer of Stanmore.
"This agreement both affirms and improves MAKO's intellectual property position in robotically assisted orthopedic surgery," said Maurice R. Ferré, M.D., President and Chief Executive Officer of MAKO. "Moreover, we are enthused about the possibility of partnering with Stanmore on potential future projects."
Source: http://www.makosurgical.com/