Axonics, Inc. (AXNX) Responds to ITC Action by Medtronic (MDT)

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Axonics Responds to ITC Action by Medtronic

February 29, 2024 4:01 PM EST

IRVINE, Calif.--(BUSINESS WIRE)-- Axonics, Inc. (Nasdaq: AXNX) today announced that it has received notice that Medtronic has filed a complaint with the U.S. International Trade Commission (ITC), along with a parallel action in U.S. District Court for the District of Delaware. The complaint alleges that Axonics infringes two Medtronic patents that purportedly relate to a patient programmer with automated MRI compatibility verification for an implantable medical device.

We believe Medtronics claims are designed to stifle competition, limit patient and physician choice, and protect the incumbents market position, said... More