Benzinga | Jul 7, 2021 07:35AM EDT

Conformis, Inc. Announces Settlement Of Wright Medical Patent Litigation; Stryker To Make One-Time Payment To Conformis And Be Granted Non-Exclusive License With Respect T Certain Patents, Payment Size Not Disclosed

Conformis, Inc. (NASDAQ:CFMS) announced today that it has entered into a settlement with Stryker Corporation ("Stryker") resolving patent litigation involving Wright Medical Technology, Inc. and Tornier, Inc. (together, "Wright Medical"). Stryker acquired Wright Medical in November 2020.



"We are pleased to have resolved all of the ongoing patent litigation related to the Wright Medical dispute," said Mark Augusti, President and Chief Executive Officer. "The settlement once again highlights the strength and value of our intellectual property, as well as our steadfast commitment to protecting and enforcing it."

Under the terms of the settlement, Stryker will make a one-time payment to Conformis and be granted a non-exclusive license with respect to certain Conformis patents.

Background

On April 24, 2020, Conformis filed a lawsuit against Wright Medical in the United States District Court for the District of Delaware. Conformis' amended complaint alleged that Wright Medical's multiple lines of patient-specific shoulder instruments, as well as the implant components used in conjunction with them, infringed certain Conformis patents.