Medical devices company CryoLife Inc. (CRY) said Thursday it has entered into a settlement agreement with CardioFocus Inc.. The company said the agreement thereby brings to an end the outstanding patent dispute between its unit Cardiogenesis Corp. and CardioFocus pending in the U.S. District Court of Massachusetts.
As per the settlement terms, CryoLife has agreed to pay CardioFocus $4.5 million in cash within 30 days. Both parties have agreed to dismiss with prejudice all claims and counter claims associated with the lawsuit.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.