Applied Medical Prevails in Antitrust Jury Trial Against Medtronic

Jury Awards $382 Million in Damages

RANCHO SANTA MARGARITA, Calif.–(BUSINESS WIRE)–Applied Medical announced today a significant legal victory that should help open the healthcare market to innovation and lower costs. A U.S. District Court jury unanimously found Medtronic, Inc. liable for violations of federal and state antitrust laws and awarded $381,705,005 in damages.

Applied Medical, represented by Knobbe Martens, filed the case in February 2023, alleging that Medtronic engaged in exclusionary unlawful bundling and exclusive dealing practices to suppress competition in the market for advanced bipolar vessel sealing devices.

After a 10-day trial in Los Angeles, the jury found that Medtronic violated the Sherman Act, the Clayton Act, and the California Cartwright Act through its use of restrictive contracts with healthcare providers. Following this verdict, Applied Medical intends to seek injunctive relief to prohibit Medtronic from enforcing these unlawful restrictions.

“We are profoundly grateful to the jury for their time, their attention to the evidence, and their decisive verdict,” said Gary Johnson, group president advanced energy, who represented Applied Medical throughout the trial. “This is not just a legal victory for Applied; it is a validation of fair competition. We believe this decision marks a turning point for hospitals and healthcare providers struggling to dismantle complex contractual barriers that have long prevented them from access to innovation, choice and value.”

About Applied Medical

Applied Medical is dedicated to providing innovative solutions that enhance patient outcomes and enable the advancement of minimally invasive surgery. As a new generation medical device company, Applied Medical is committed to having a significant and sustainable impact on healthcare by delivering breakthrough technologies that enhance clinical care and satisfy the pressing economic needs of its customers. As a vertically integrated organization, Applied Medical manufactures its products in-house at its corporate headquarters in Southern California. Applied Medical is proud to provide its products and unique business model to customers in more than 75 countries. To learn more, visit AppliedMedical.com.

Contacts

Media Contact: Kimberly Cashion, kcashion@appliedmedical.com