Masimo says Federal Circuit lifts stay on Apple Watch import ban

Masimo (MASI) said it welcomes the Federal Circuit’s ruling to lift the temporary stay on the import ban of certain Apple Watch (AAPL) models. This decision reinstates the U.S. International Trade Commission’s import ban and cease and desist order on Apple watches that were found to infringe Masimo’s patented pulse oximetry technology, the company said in a statement. ‘The Federal Circuit’s decision to lift the temporary stay is a victory for the integrity of the American patent system and the safety of people relying on pulse oximetry,” said Joe Kiani, Founder and CEO of Masimo. “It affirms that even the largest and most powerful companies must respect the intellectual rights of American inventors and must deal with the consequences when they are caught infringing others’ patents.”