Wednesday, January 21, 2015

KFx Medical's $35M Patent Award Upheld

San Diego-based KFx Medical, which is venture backed by Alloy Ventures, Charter Life Sciences, Arboretum Ventures, Montreux Equity Partners, and MB Venture Partners, said today that it has had a $35M patent infringement judgement upheld in appeal. The company had filed and won a patent infringement suit against Arthrex, which had appealed the award. KFx Medical had won the court case against Arthrex in 2013, having originally filed its patent lawsuit in 2011 KFx Medical said a the United States Court of Appeals for the Federal Circuit affirmed the earlier award of $29M to the firm from Arthrex for patent infringement. That award has now expanded to $35M, after additional damages and interest. KFx Medical was represented by Knobbe, Martens, Olson & Bear, LLP.

---