Masimo (MASI) Enters Amended Settlement with Nellcor; Medtronic (MDT) Will Continue Making Payments
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Masimo Announces Amendment to Nellcor Royalty Agreement
September 2, 2016 9:00 AM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Masimo (NASDAQ: MASI) today announced an amendment to the existing settlement agreement initially reached between Masimo and Nellcor in January 2006. Under the terms of the amendment, Medtronic 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... More
