KFx Medical Gets $35M From Patent Infringement Suit

San Diego-based KFx Medical said late Wednesday that it has received $35M in a payment, related to the company's patent infringement suite against Arthrex. The payment is related to a jury award which found that Arthrex had infringed upon a patent owned by KFx. That patent infringement lawsuit was filed in 2011, but only recently completed its journey through the legal system. KFx Medical is venture backed by Alloy Ventures, Charter Life Sciences, Arboretum Ventures, Montreux Equity Partners, and MB Venture Partners. The company develops medical devices used in orthopedic surgery.