Philips Electronics loses $467 million patent verdict to Masimo

The logo of Philips is seen at the company's entrance in Brussels(Reuters) – A federal jury on Wednesday said Philips Electronics NA should pay $ 466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates. Shares of Masimo closed 12.9 percent higher, rising $ 2.74 to $ 24.02 on the Nasdaq. Jurors in Wilmington, Delaware needed less than a day of deliberations before ruling in favor of Irvine, California-based Masimo, following a two-week trial. …



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