Updated on 11 September 2014
The company believes this victory will help them gain a firm foothold in Europe
Singapore: PolyMedicure, a manufacturer of medical devices has won its five-year long patent battle against German medical devices and pharma giant, B Braun.
The German firm had sued the company for alleged patent infringement for its intravenous (IV) safety catheters. The European Patent Office (EPO) has now revoked two of B Braun's patents.
The company believes that this victory will help them gain a firm foothold in Europe. The European safety catheter market is seen at $250 million.
Mr Rishi Baid, director, Poly Medicure said in a statement, "The two concerned patents have been revoked by the European Patent Office, as per our information and it is likely that this will have a huge positive impact on our business in Europe."