Form 8-K MASIMO CORP For: Oct 26
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Masimo (MASI) issued 'significant win' in Apple Watch patent fight
October 27, 2023 6:56 AM EDTShares of Masimo Corp. (NASDAQ: MASI) gained 10% in early trading Friday after announcing the U.S. International Trade Commission found that tech giant Apple (NASDAQ: AAPL) violated U.S. laws by incorporating Masimo's patented light-based pulse oximetry technology in its Apple Watches. The commission has recommended a limited exclusion order for the infringing Apple Watches. The determination will now proceed to a 60-day presidential review phase, where the Biden administration will assess it.
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