Nevro Announces Update in Patent Litigation with Boston Scientific

Rhea-AI Summary

Nevro Corp. (NYSE: NVRO) announced a jury verdict finding it in infringement of two Boston Scientific patents regarding spinal cord stimulation leads, resulting in a $20 million award to Boston Scientific. Despite this outcome, Nevro asserts that there are no commercial implications for current or future products. The company plans to appeal the decision, emphasizing that the lawsuit is a retaliatory action from Boston Scientific stemming from a prior lawsuit filed by Nevro. Nevro continues to maintain its position in the market as the exclusive provider of its patented 10 kHz Therapy.

Positive

• No commercial implications of the jury's decision on Nevro's current or future products.
• Plans to appeal the jury's finding, indicating a proactive legal strategy.

Negative

• Nevro found to infringe on two patents, leading to a $20 million award to Boston Scientific.

REDWOOD CITY, Calif., Nov. 1, 2021 /PRNewswire/ -- Nevro Corp. (NYSE: NVRO), a global medical device company that provides innovative, evidence-based solutions for the treatment of chronic pain, today announced that a Delaware jury found that Nevro infringed two Boston Scientific patents (7,891,085 and 8,019,439) directed to ways of manufacturing spinal cord stimulation (SCS) leads, which Nevro obtains from a third-party supplier.  Two other Boston Scientific lead patents (8,646,172 and 8,650,747) were not infringed.  The jury awarded Boston Scientific $20 million.  This decision has no commercial implications or would otherwise impose any restrictions on any current or future Nevro products, and the jury award is an amount of money that will not have a material impact on Nevro's business. 

"We disagree with the finding by the jury and plan to appeal," said Kashif Rashid, Nevro's General Counsel.

Nevro's Chairman and CEO, Keith Grossman, stated: "It is important to put this lawsuit into the proper context.  The suit regarding lead patents by Boston Scientific was in retaliation for the 2016 lawsuit Nevro filed to stop Boston Scientific from launching a 10kHz spinal cord stimulation system, which would blatantly and directly infringe Nevro's core intellectual property.  This lawsuit has absolutely no implications on Nevro's commercial efforts for current or planned products, and is directed to manufacturing methods implemented by our third-party supplier.  Nevro will continue to be the exclusive provider of HFX with 10 kHz Therapy, which the FDA determined to be superior to Boston Scientific's SCS therapy."

Internet Posting of Information

Nevro routinely posts information that may be important to investors in the "Investor Relations" section of its website at www.nevro.com.  The company encourages investors and potential investors to consult the Nevro website regularly for important information about Nevro.

About Nevro

Headquartered in Redwood City, California, Nevro is a global medical device company focused on providing innovative products that improve the quality of life of patients suffering from debilitating chronic pain. Nevro has developed and commercialized the Senza spinal cord stimulation (SCS) system, an evidence-based, non-pharmacologic neuromodulation platform for the treatment of chronic pain.  Nevro's proprietary 10 kHz Therapy has demonstrated the ability to reduce or eliminate opioids in ≥65% of patients across six peer-reviewed clinical studies.  The Senza® System, Senza II™ System, and the Senza® Omnia™ System are the only SCS systems that deliver Nevro's proprietary 10 kHz Therapy. 

SENZA, SENZA II, SENZA OMNIA, OMNIA, HF10, the HF10 logo, HFX, the HFX logo, HFX CONNECT, the HFX Connect logo, HFX ACCESS, the HFX Access logo, HFX COACH, the HFX Coach logo, HFX CLOUD, the HFX Cloud logo, RELIEF MULTIPLIED, the X logo, NEVRO, and the NEVRO logo are trademarks or registered trademarks of Nevro Corp.

To learn more about Nevro, connect with us on LinkedIn, Twitter, Facebook and Instagram.

Investors and Media:
Julie Dewey, IRC
Nevro Corp.
Vice President, Investor Relations & Corp Communications
650-433-3247  |  julie.dewey@nevro.com

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SOURCE Nevro Corp.

FAQ

What was the outcome of the patent litigation between Nevro and Boston Scientific?

A jury found Nevro infringed two Boston Scientific patents and awarded $20 million to Boston Scientific.

Will the jury's decision impact Nevro's products?

No, Nevro stated there are no commercial implications for current or future products.

What is Nevro's response to the jury's finding?

Nevro plans to appeal the jury's decision, disagreeing with the findings.

What are the patents involved in the Nevro vs Boston Scientific case?

The patents are 7,891,085 and 8,019,439 for manufacturing spinal cord stimulation leads.

How does this lawsuit affect Nevro's 10 kHz Therapy?

The lawsuit does not affect Nevro's exclusive provision of the 10 kHz Therapy, which the FDA has determined to be superior.