Monday, January 23, 2006

Tyco settles in oximetry litigation

Reuters: Nellcor, a division of Tyco International Ltd. ( unit Tyco Healthcare, said on Monday, Jan. 23, 2006 it paid $265 million for damages and $65 million in advance royalties to settle patent litigation with Masimo Corp., a private company.

Nellcor said it will stop shipping its current platform of pulse oximetry products, used to monitor vital signs, after the end of January, but will still provide service and sensors for previously sold products.

Nellcor said it will sell its new line of pulse oximetry products in exchange for ongoing royalty payments to Masimo, adding that the settlement does not affect its 2006 earnings outlook.


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