SAN DIEGO, Aug. 19 /PRNewswire-FirstCall/ -- NuVasive, Inc.
(Nasdaq: NUVA), a medical device company focused on developing products for
minimally disruptive surgical treatments for the spine, announced today that
it has obtained a complaint brought by Medtronic Sofamor Danek alleging patent
infringement involving certain NuVasive products.
Alex Lukianov, NuVasive's Chairman and CEO, said, 'It is not surprising
that Medtronic would attempt to intimidate NuVasive with this suit, since
NuVasive represents a growing threat to Medtronic's spine business. Medtronic
did not notify us of the lawsuit prior to filing it, and has not been in
contact with us yet. We have obtained a copy of the complaint and are in the
process of reviewing it and assessing our defenses. Based on our initial
review, we do not expect our existing operations to be significantly disrupted
as we respond to this lawsuit. Given the existing patents referenced by
Medtronic in the complaint, we are also analyzing our potential counterclaims
based on our own significant patent portfolio and intellectual property
rights.'
Mr. Lukianov continued, 'We would prefer to compete with Medtronic in the
market, but we are prepared to defend ourselves in the courtroom so that
patients can continue to experience the innovations that NuVasive has brought
to the field of spinal care. The timing of this lawsuit is strange given the
fact the allegedly infringing products in some instances have been on the
market for several years. Nonetheless, we will vigorously defend ourselves in
this action. More importantly, we will stay focused on building our business
and remaining a leader in the development of creative spine surgery products
that benefit patients.'
About NuVasive
NuVasive is a medical device company focused on the design, development
and marketing of products for the surgical treatment of spine disorders. The
Company's product portfolio is focused on applications in the over $4.2
billion U.S. spine fusion market. The Company's current principal product
offering includes a minimally disruptive surgical platform called Maximum
Access Surgery, or MAS(R), as well as a growing offering of cervical and
motion preservation products.
The MAS platform offers advantages for both patients and surgeons such as
reduced surgery and hospitalization time and faster recovery. MAS combines
three categories of current product offerings: NeuroVision(R) a proprietary
software-driven nerve avoidance system; MaXcess(R) a unique split-blade design
retraction system; and specialized implants, like SpheRx(R) and CoRoent(R),
that collectively minimize soft tissue disruption during spine surgery while
allowing maximum visualization and surgical reproducibility.