Court Revokes Two Advanced Cell Diagnostics Patents, Dismisses Infringement Claims Against Molecular Instruments and Orders Advanced Cell Diagnostics to Make Payment of £1.35 Million to Mo...
Bio-Techne Corp (TECH)
Last bio-techne corp earnings: 4/30 06:30 am
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Molecular Instruments, Inc. announced that the Patents Court of the High Court of England and Wales has ordered: (1) that two patents owned by Advanced Cell Diagnostics, Inc. (a Bio-Techne group company; NASDAQ: TECH) both be revoked; (2) that Advanced Cell Diagnostics’ infringement claims against Molecular Instruments are dismissed; and (3) that Advanced Cell Diagnostics make a costs payment of £1.35 million (approximately $1.72 million at the current exchange rate) to Molecular Instruments.In a 2022 lawsuit filed at the High Court of England and Wales (proceedings no. HP-2022-000026), Advanced Cell Diagnostics alleged that Molecular Instruments’ HCR™ RNA-ISH technology infringed European Patents (UK) 2,500,439 and 1,910,572. Mr. Justice Meade handed down a judgment on April 23, 2024 finding that both patents are invalid on grounds of obviousness based on “overwhelming” primary evidence (https://caselaw.nationalarchives.gov.uk/ewhc/pat/2024/898).“We
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TECH
Earnings
- 8/7/24 - Beat
TECH
Sec Filings
- 9/16/24 - Form 4
- 9/12/24 - Form ARS
- 9/12/24 - Form DEFA14A
- TECH's page on the SEC website