Subject: PLW
Boston Scientific Prevails in German Edwards Lifesciences Litigation
MARLBOROUGH, Mass., Oct. 23, 2018 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced the District Court of Dusseldorf, Germany has determined that Edwards Lifesciences Corporation's Sapien 3 Ultratm device infringed a patent ? established by Symetis SA, a subsidiary of Boston Scientific ? specific to the fabric used on the valve seal, specifically the German part of European Patent (EP) 2 949 292 B1. The Dusseldorf Court ruled in preliminary injunction proceedings that Boston Scientific has the right to enjoin Edwards and its German subsidiary from offering and selling Sapien 3 Ultra in Germany. The infringement and injunction decision can be appealed by Edwards.
In 2017, Edwards' currently-available Sapien 3tm device was found to infringe two Boston Scientific patents (EP 2 749 254 B1 and EP 2 926 766 B1) by the same Court. Those rulings, which have been appealed by Edwards, enable Boston Scientific to enjoin Sapien 3 from the German market. The company has not yet exercised that option.
"We are pleased with the steady cadence of European court rulings which uphold and validate our TAVR intellectual property against competitive encroachment," said Desiree Ralls-Morrison, senior vice president, general counsel and corporate secretary, Boston Scientific. "Defending our patents is a core necessity which allows us to continue to innovate and offer differentiated technologies to hospitals, physicians and their patients."
Boston Scientific currently offers the ACURATE neotm Transcatheter Aortic Valve System in key European markets and is seeking a CE mark for the next generation system ? ACURATE neo2tm Transcatheter Aortic Valve System ? which it intends to commercialize during the first half of 2019. The company expects to begin a pivotal clinical study of the ACURATE neo2 system in the U.S. later this year.
The ACURATE family of valve products is one of two TAVI valve systems in the Boston Scientific structural heart portfolio. The Company anticipates the LOTUStm Edge Valve System will be commercialized in CE mark countries in Q1 2019 and FDA approval to be secured in mid-2019, pending regulatory approval timelines.
The ACURATE neotm Aortic Valve Systems are not available for use or sale in the US.
The ACURATE neo2tm Aortic Valve System is not available for use or sale.
The LOTUS Edgetm Valve System is currently not available for use or sale.
About Boston Scientific
Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 35 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.
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Factors that may cause such differences include, among other things: future economic, competitive, reimbursement and regulatory conditions; new product introductions; demographic trends; intellectual property; litigation; financial market conditions; and future business decisions made by us and our competitors. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A ? Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A ? Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. This cautionary statement is applicable to all forward-looking statements contained in this document.
CONTACTS:
Media:
Trish Backes
Corporate Communications
651-582-5887 (office)
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Susie Lisa, CFA
Investor Relations
(508) 683-5565 (office)
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SOURCE Boston Scientific Corporation
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