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news.Terumo, a healthcare company, and its subsidiary, Terumo Cardiovascular Systems, have announced an agreement to settle all outstanding litigation with Maquet Cardiovascular, a provider of medical technology solutions.
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Under the terms of the agreement, all pending disputes between the companies will be immediately dismissed. In addition, the companies have agreed to cross license certain patents.
The companies have a number of lawsuits pending in which each claims the other has infringed its patents. The litigations all involve methods and devices used in endoscopic vessel harvesting.