Masimo (MASI) Enters Amended Settlement with Nellcor; Medtronic (MDT) Will Continue Making Payments

September 2, 2016 9:06 AM EDT

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Masimo (NASDAQ: MASI) announced an amendment to the existing settlement agreement initially reached between Masimo and Nellcor in January 2006. Under the terms of the amendment, Medtronic (NYSE: MDT) will continue to pay Masimo a royalty of 7.75% for its current pulse oximetry products sold in the United States through October 6, 2018, after which no further royalties will be due under the agreement. For more information, please see the related Form 8-K filed with the Securities and Exchange Commission on September 2, 2016.

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