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Indiana Doctor Awarded $112 Million In Medtronic Royalties Dispute

December 5, 2018 By Associated Press

A northern Indiana jury has awarded a doctor $112 million in his dispute with medical device maker Medtronic over devices he invented and sold to the company.

A Marshall County jury found in Dr. Rick C. Sasso’s favor last week, awarding him the damages. Sasso is president of Carmel, Indiana-based Indiana Spine Group.

The “Rising Man” symbol stands in front of the Fridley, Minn.-based Medtronic. (Image credit: Jim Mone, AP)

Sasso sued Medtronic, alleging that it violated a contract by not paying royalties he was due for spinal implants and screw-implant systems he invented and sold to the Minnesota-based company.

Those systems generated annual sales of more than $200 million for Medtronic. The company paid Sasso more than $20 million in royalties, but his suit accused Medtronic of shortchanging him.

Medtronic spokeswoman Sara Thatcher says the company is “disappointed” and is weighing whether to appeal the verdict.

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  • Medical Device Business
    • Mergers & Acquisitions
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  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
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    • Motion Control
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