Friday, January 24, 2014

US jury: Implant maker should be fined millions

The largest cochlear implant maker in the world is facing a multimillion dollar fine. LifeScientist reports that a California jury wants to fine Cochlear Limited $131 million after deciding the Australian company infringed on two patents held by the Alfred E Mann Foundation for Scientific Research, which licensed the two patents to Advanced Bionics. The verdict isn't final--a judge will have to sign off on it. Five investment analysts have given Cochlear's stock a "sell" rating, according to Zolmax.