litigation
confidence high
sentiment neutral
materiality 0.75
Insulet sues EOFlow, Flex, and former executives for trade secret theft and patent infringement over EOPatch pump
INSULET CORP
- Complaint filed Aug 3, 2023 in Mass. federal court alleges theft of trade secrets covering Omnipod patch pump design and manufacturing.
- Defendants include EOFlow, Flex, and three former Insulet executives (Malave, DiIanni, Welsford) hired by EOFlow.
- Alleges EOPatch is virtually identical to Omnipod; internal components like walking-man hook, ratchet gears, reservoir shape are interchangeable.
- EOFlow submitted a 510(k) premarket application to FDA in Dec 2022; Medtronic announced $738M acquisition of EOFlow on May 25, 2023.
- Insulet seeks injunctive relief, damages for DTSA, patent infringement, trade dress dilution, and unfair competition.