Friday, February 25, 2011

Lawsuit Over New Implant

A three week trial in Denver has led a jury to award a French company $5.9 million over a new cochlear implant. The jury decided Boulder-based Otologics misappropriated trade secrets from SA Neurtelec. Otologics tried to buy SA Neutelec for $30 million. When the offer was rejected, the firm hired some of the top talent at SA Neurelec who have developed an implant that is entirely implanted.