regulatory
confidence high
sentiment positive
materiality 0.90
USITC issues limited exclusion order against Apple Watches for infringing Masimo pulse oximetry patents
MASIMO CORP
- ITC found Apple violated Section 337; claims 22 & 28 of '502 patent and claims 12, 24, 30 of '648 patent infringed.
- Limited exclusion order and cease & desist order issued, effective after 60-day Presidential review period.
- Masimo CEO Joe Kiani: 'Even the world's largest company is not above the law.'
- Public interest comments from academics, physicians, and Congress supported the exclusion order.
- Remedy exempts service/repair and warranty replacements of products purchased before review period.