Federal Appeals Court Agrees to Medtronic Request to Postpone Injunction

April 21, 2014 8:37 PM

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(Thomson Reuters ONE via COMTEX) -- MINNEAPOLIS - April 21, 2014 - The Federal Circuit Court of Appeals today granted a request from Medtronic, Inc. /quotes/zigman/233680/delayed/quotes/nls/mdt MDT +0.67% to postpone the implementation of an injunction that would have prevented the company from selling its CoreValve(R) System in the United States. This means the injunction will only take effect if the appellate court determines the injunction was properly issued.

In addition, last week the Court of Appeals agreed to an expedited appeal of the injunction ruling, with the last appeal brief to be submitted by June 19. Medtronic does not believe Edwards Lifesciences, which brought the motion for a preliminary injunction, has met the standards needed for an injun...

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