Former NASS President Dr. Neil Kahanovitz Wins $2.7M Royalty Dispute With Biomet Subsidiaries

A New Jersey court has determined two Biomet subsidiaries still owe $2.7 million in royalty payments to spine surgeon Neil Kahanovitz, MD, after they stopped paying him in 2008, according to a Mass Device report. The court upheld the judgment against Electro-Biology and EBI. Dr. Kahanovitz, former president of the North American Spine Society, sued the companies over a royalties deal worth $250,000 per year in 1992. He won a breach of contract claim on appeal in 2011.

More Articles on Devices:
Two-Level Cervical Disc Replacement: LDR's Journey to FDA Approval & the Next Step   
LDR Submits Proposal for Initial Public Offering
LDR's Mobi-C Becomes First Cervical Disc Approved for Two-Level Indications