Cochlear Ltd (OTCPK:CHEOF)

$ 190.21 0 (0%) Market Cap: 12.13 Bil Enterprise Value: 11.96 Bil PE Ratio: 52.53 PB Ratio: 10.40 GF Score: 85/100

Cochlear Ltd Adverse Appeal Decision in the US Patent Infringement Case Conference Call Transcript

Mar 17, 2020 / 12:00AM GMT

Release Date Price: $131

Transcript

Operator

Thank you for standing by, and welcome to the Cochlear Limited Announcement. (Operator Instructions)

I would now like to hand the conference over to Mr. Dig Howitt, CEO and President of Cochlear. Please go ahead.

Diggory William Howitt

Cochlear Limited - CEO, MD, President & Executive Director

Thank you all -- thank you, everyone, for joining the call. I, certainly, didn't expect to be back on a call with you again today after yesterday. But we have had this appeal decision overnight. And I want to just run through that briefly and then open up for questions. So the Court of Appeals have affirmed the district court award so -- for the USD 268 million.

We -- there is another step that we will take, which is an en banc review of the petition for rehearing. We anticipate that, that will take a few months. We had, as we have previously said, had bank loan facilities in place for this judgment. So we will now call on those facilities. There is still a decision pending on prejudgment interest and costs from this case and that is back in the

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