STAT+: Masimo’s CEO on battling Apple for the health wearable market
“To have a hung jury surprised me. I did not see that coming," Masimo CEO Joe Kiani told STAT of his company's court battle with Apple.
It’s been a chaotic three years for Masimo CEO Joe Kiani.
First came the pandemic, and with it, a dramatic uptick in demand for Masimo’s pulse oximetry devices. Then came the patient monitoring company’s 2022 acquisition of Sound United, a consumer audio business, which perplexed investors and sent Masimo stocks crumbling. At the same time, Masimo has launched a coordinated legal battle against Apple, alleging the tech giant stole trade secrets to use in the Apple Watch. The latest effort ended in a mistrial last week.
“To have a hung jury surprised me. I did not see that coming. We think it was unusual jury dynamics. We don’t think that will happen again. And we’re gonna go back and retry it,” Kiani told STAT.
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