TissueGen and the University of Texas won the jury verdict in a five-year legal battle against Boston Scientific.
The patent that Boston Scientific infringed on came about from research that Dr. Kevin Nelson and others did in the late 1990s at the University of Texas at Arlington.A small Dallas biotech company and the University of Texas took on big pharma and won.
The medical device giant infringed on the patent with its “Synergy” brand coronary stents, which are often used to treat narrowed coronary arteries. The company was the first to get FDA approval for a bioabsorbable polymer drug-eluting stent, which means it’s coated with a slow-release medication to help prevent blood clotting.
The patent came about from research that Dr. Kevin Nelson and others did in the late 1990s at UT Arlington, according to court filings. Nelson is now chief scientific officer at TissueGen, which he founded in July 2000 to develop next-generation drug delivery technologies., and is considered a spin-out of the joint program of biomedical engineering at the University of Texas Southwestern Medical Center at Dallas and UT Arlington.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Make Pottery With Seth Rogen At His AirBnb for Only $42 a NightForget an AD house tour. Seth Rogen is offering his fans the chance to explore his space in the flesh — by renting out his Los Angeles creative getaway on Airbnb. What’s crazier is that…
Read more »
Seth Rogen offers chance to hang with him at his AirBnb for $42 | CNNSeth Rogen is renting out his Los Angeles space where he goes to get creative.
Read more »
Boston Scientific stock slides 5% premarket after profit missBoston Scientific Corp. stock slid 5% in premarket trade Wednesday, after the medical device maker missed profit estimates for the fourth quarter. The...
Read more »
Missing Dallas Zoo monkeys found by Dallas policeBREAKING: The two emperor tamarin monkeys that went missing from the Dallas Zoo have been found.
Read more »
Dallas weather: Hundreds of flights canceled at DFW Airport, Dallas Love Field for third straight dayHundreds of flights have been canceled at both DFW International Airport and Dallas Love Field for the third straight day.
Read more »