German Court Dismisses TMVR Patent Case Between Edwards, Neovasc

Neovasc said it has won the latest round in its transcatheter mitral valve patent spat with Edwards Lifesciences. The Richmond, Canada-based company said a German court dismissed the case which was over a claim for co-inventorship of a European Patent for the Tiara device. Tiara is a self-expanding mitral bioprosthesis specifically designed to treat mitral valve regurgitation. In this latest case, CardiAQ, a company Edwards acquired in 2014 for $400, had originally claimed full ownership rights to one of Neovasc's European patent applications for its Tiara. In June 2017, the first-instance court in Munich had awarded co-ownership rights to CardiAQ. Both parties had appealed this decision. Neovasc said CardiAQ withdrew its appeal for full ownership during the course of the appeal. In dismissing the remainder of CardiAQ's case, the German court now found that CardiAQ had not contributed to the invention of the Tiara, according to Neovasc. The company said the German court then found Neovasc to be the rightful inventor and owner of all rights to the disputed Tiara European patent application. "We are pleased that after full consideration of the evidence, the German courts have now recognized that CardiAQ made no contribution to the invention or development of the Tiara," Fred Colen, CEO of Neovasc, said in a release. "With this decision, which we strongly believe would be confirmed, even if appealed to and accepted as a case by the German Supreme Court, Neovasc is free to pursue...
Source: MDDI - Category: Medical Devices Authors: Tags: Cardiovascular Source Type: news