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ARTICLE | Company News

GI Dynamics, W.L. Gore & Associates gastrointestinal news

January 21, 2013 8:00 AM UTC

GI Dynamics and Gore settled litigation brought by Gore against GI Dynamics in 2010 in the U.S. District Court for the District of Arizona. The suit alleged that Gore was the co-owner of all of GI Dynamics' patents and patent applications, as well as claiming that certain of its employees were co-inventors of GI Dynamic's issued patents. Under the terms of the settlement, GI Dynamics granted Gore a non-exclusive, royalty-free license to use GI Dynamics' patents in the vasculature, but not in the gastrointestinal tract. GI Dynamics retains exclusive ownership and control of its patent portfolio, and both parties have dismissed all claims against each other. Neither side will make any cash payments to the other. ...