To: Sean Collett who wrote (74356 ) 11/20/2023 1:33:21 PM From: E_K_S 1 RecommendationRecommended By Sean Collett
Read Replies (2) | Respond to of 78752 Re: INMD I made a 5% add today and was adding lower. Still underwater on my original shares but they will come back if/when company is discovered. There is a patent infringement suit AI Bard is monitoring the status: the patent infringement suit InMode Ltd (INMD) filed against BTL Industries, Inc. (d/b/a BTL Aesthetics):Background InMode is a leading global provider of innovative medical technologies, including the Fractora and Morpheus8 devices, which are used for minimally invasive cosmetic procedures. BTL is a developer and manufacturer of medical aesthetic devices, including the UltraFemme 360 and EmFemme 360 devices, which are also used for minimally invasive cosmetic procedures.Complaint In October 2023, InMode filed a patent infringement complaint against BTL in the United States District Court for the Central District of California. In the complaint, InMode alleges that BTL's UltraFemme 360 and EmFemme 360 devices infringe U.S. Patent No. 8,961,511, which is owned by InMode. The patent covers a method and apparatus for delivering radiofrequency energy to treat skin laxity.Current Status The case is currently pending in court. The next scheduled event is a case management conference on December 12, 2023.Potential Outcomes The possible outcomes of the case include:InMode could prevail and be awarded damages for BTL's infringement of the patent. BTL could prevail and be found not to have infringed the patent. The parties could settle the case out of court. Impact on InMode The outcome of the case could have a significant impact on InMode. If InMode is successful, it could be awarded substantial damages and strengthen its position in the market for minimally invasive cosmetic procedures. However, if BTL is successful, it could continue to sell its UltraFemme 360 and EmFemme 360 devices without paying royalties to InMode.Conclusion The patent infringement suit between InMode and BTL is still in its early stages, and it is too early to say what the outcome will be. However, the case is worth watching closely as it could have a significant impact on both companies. ----------------------------------------------------------------