Johnson & Johnson awarded $16M in lawsuit with Globus Medical
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DePuy Synthes, a wholly-owned subsidiary of Johnson & Johnson (JNJ), has been awarded $16M in a patent infringement lawsuit with Globus Medical Incorporated (GMED). Three products sold by Globus were found by a federal jury to infringe on three patents belonging to DePuy Synthes. The trial began two weeks ago in Delaware and Globus has indicated it intends to seek a verdict reversal and will follow through by using the appeals process if necessary. Globus Medical does not expect this news to negatively impact its operations as the company had already stopped offering the products. By comparison, Globus reported $957.2M in sales last year while Johnson & Johnson reported $67.2B the same period.