MASI

Updated Jan. 15, 2024 2:27 pm ETAppleis removing a blood-oxygen sensor from some of its smartwatches to get around a patent dispute related to the technology, a step likely to avoid further sales disruptions but one that may raise questions about the company’s push into health.The company halted sales of some watch models briefly last month after a U.S. import ban went into effect stemming from an October ruling by the U.S. International Trade Commission. The trade agency found Apple had violated the patents of…

Masimo Chief Executive Joe Kiani bet the future of the company he spent three decades building in an expensive legal battle with the world’s most valuable company. So far, he is winning, but it isn’t over.His company, which pioneered a better method for measuring blood-oxygen levels, has spent around $100 million fighting Apple in a dispute that temporarily halted Apple Watch sales. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Masimo Chief Executive Joe Kianibet…

Apple’swidening effort to turn its nine-year-old watch from a luxury timepiece into the ultimate all-in-one medical device is taking it into territory that is legally treacherous as well as potentially profitable.This month’s suspension of Apple Watch sales was the starkest sign yet that the world’s most valuable tech company is treading new ground as it adds health features to the device. While Apple on Wednesday won a temporary reprieve to resume sales, specialists in medical devices say the technical and legal…

Updated Dec. 26, 2023 2:02 pm ETApple is appealing a decision by a federal trade agency that forced it to stop selling two models of its smartwatches after the agency said Apple violated patents of a competitor.Apple said in court documents filed Tuesday the company will suffer “irreparable harm” if the ban stays in place, since the models are its two most popular. The watch models affected are its newest ones: the Apple Watch Series 9 and the Apple Watch Ultra 2.Copyright ©2023Dow Jones & Company, Inc. All Rights…

It sounded like a dream partnership when Apple Inc. reached out to Joe Kiani, the founder of a company that makes blood-oxygen measurement devices. He figured his technology was a perfect fit for the Apple Watch.   Soon after meeting him, Apple began hiring employees from his company, Masimo Corp. , including engineers and its chief medical officer. Apple offered to double their salaries, Mr. Kiani said. In 2019, Apple published patents under the name of a former Masimo engineer for sensors similar…

An activist investor has a big stake in Masimo Corp. MASI 3.50% and plans to push the medical-device company to take action to improve its stock price following a poorly received acquisition, according to people familiar with the matter. Politan Capital Management LP, founded by veteran activist Quentin Koffey, has a 9% stake in Masimo worth roughly $750 million, the people said. Politan’s specific ideas…