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Axonics Provides Update on Inter Partes Review Proceedings

Axonics, Inc. (AXNX) 
Last axonics, inc. earnings: 3/4 04:01 pm Check Earnings Report
Company Research Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Axonics, Inc. (Nasdaq: AXNX) today announced that the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office has issued written decisions on two Medtronic patents that Axonics is contesting.The PTAB issued its decision with respect to Patent Nos. 8,626,314 (“the ‘314 patent”) and 8,036,756 (“the ‘756 patent”). Medtronic has asserted these patents, which expired in 2021 and 2022, against Axonics’ proprietary tined lead design. Today, the PTAB invalidated 10 of the 15 challenged claims in Medtronic’s ‘314 patent and declined to invalidate the challenged claims in the ‘756 patent over one Administrative Patent Judge’s dissenting opinion. The district court case where Medtronic has asserted these patents is currently stayed based on these IPRs as well as pending IPRs on other Medtronic asserted patents. Axonics plans to seek review of the PTAB’s finding that the remaining claims were not unpatentable.“We are pleased with the PTAB’ Show less Read more
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