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Boston Scientific settles $7.2B lawsuit brought by Johnson & Johnson for $600M

2015-02-17 23:35:53| Biotech - Topix.net

Boston Scientific Corp. has settled a lawsuit in which competitor Johnson & Johnson sought $7.2 billion in damages for $600 million. Shares of the Marlborough-based medical device giant were up 8 percent in after hour trading on the news, which brings closure to litigation which has been hanging over its head since its 2006 acquisition of Guidant .

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Category:Biotechnology and Pharmaceuticals

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