Summary
A spate of lawsuits involving the state's largest medical-device makers underscores the fiercely competitive nature of the life sciences sector, particularly when the billion-dollar companies need to protect trade secrets. Enticements included upfront cash payments to Fields Medical, signing bonuses for their sales representatives, equity options in Biomet, and a commitment to protect the company and its reps against any court claim that might result from shelving the Zimmer deal.
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Extract
Lawsuits Stem From Hiring of Sales Reps
A spate of lawsuits involving the state's largest medical-device makers underscores the fiercely competitive nature of the life sciences sector, particularly when the billion-dollar companies need to protect trade secrets.
Warsaw orthopedics manufacturer Biomet Inc., Indiana's fourth-largest private company, is at the center of much of the messy litigation, which stems from a former...See the full content of this document
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