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Medtronic will settle Abbott stent suit for $400M

Medtronic Inc. said Monday it agreed to pay Abbott Laboratories $400 million to settle patent lawsuits related to the design of artery-opening stents, some of the most lucrative medical devices marketed by either company.

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J&J wins $1.67 billion verdict

A unit of drugmaker Johnson & Johnson says a federal jury has returned a $1.67 billion verdict against Abbott Laboratories in a patent infringement suit over the companies’ rheumatoid arthritis drugs.

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