Advertisement

GI Dynamics and W.L. Gore & Assoc. settle their long-standing patent beef over GID's EndoBarrier weight loss device.

GI Dynamics

A long-running dispute between W.L Gore & Associates and GI Dynamics (ASX:GID) is over after the medical device companies agreed to settle the beef.

Gore filed the lawsuit in 2010, alleging that it was the co-inventor and co-owner of GI Dynamics' patents, including the latter's flagship EndoBarrier gastrointestinal liner. GI Dynamics filed a countersuit later that year, alleging misappropriation of trade secrets, breach of confidence, breach of contract, unjust enrichment, misrepresentation and unfair and deceptive trade practices.

The lawsuit came to light in late 2011, after GI Dynamics filed its initial public offering in Australia.

Advertisement
Advertisement