Massive $452 Million Win for Insulet Corp in Trade Secrets Lawsuit Against Competitive Insulin Patch Maker
Boston — In a landmark decision on Tuesday, a Massachusetts federal jury awarded Insulet Corporation a staggering $452 million in damages over trade secret misappropriation by a competing firm, marking a major victory in corporate intellectual property rights litigation. Insulet Corporation, based in Massachusetts, has been a pioneer in the development of tubeless insulin pump patches market with its Omnipod products since receiving FDA approval in 2005. The defendant, identified as a direct competitor, also manufactures insulin pump patches and introduced its original product line in 2011, with an advanced version hitting the market in … Read more