Forbes October 31, 2023
A new ruling to stop some Apple Watch imports could help medtech company Masimo reach a settlement with the $2.7 trillion tech giant after a years-long patent battle.
The International Trade Commission issued an order to halt the importation of certain Apple Watches into the United States last week, handing a major win to medical device-maker Masimo in a years-long patent battle with the most valuable company in the world.
It’s an important bargaining chip for Masimo founder and CEO Joe Kiani, who said his company has spent upwards of $65 million related to ongoing patent and trade secret litigation with Apple over its pulse oximeter, a blood oxygen sensor that has become a selling point for premium smartwatches and...
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