Wake Forest Baptist announces $280M settlement over patent dispute

Wake Forest Baptist announces $280M settlement over patent dispute.

Kinetic Concepts, Inc., based in San Antonio, will pay retrospective patent royalties in installments through 2017, Baptist officials said in a news release Tuesday.

“The income from the settlement will be used to fund major initiatives of strategic importance to the Medical Center,” Baptist officials said in a statement.

 Reference: Wake Forest Baptist announces $280M settlement over patent dispute

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