Oxford Nanopore Applied sciences has introduced it has taken authorized motion in opposition to MGI Australia for infringing on the corporate’s patents.
The College of Oxford spinout stated that with the launch of MGI Australia’s product, Cyclone SEQ WT-02, the corporate had infringed on 4 patents held by Oxford Nanopore in Australia.
“Oxford Nanopore’s resolution to begin authorized proceedings in opposition to MGI has been rigorously thought-about and displays the corporate’s duty to guard the mental property that underpins its sensing platform, which is now broadly used throughout Analysis and Utilized sectors in Australia,” the corporate stated.
“All through this course of the first focus will proceed to be on prospects, operations and companions. Defending IP ensures that investments in new expertise will be made obtainable to prospects and companions.”
The London-listed firm is a pioneer in nanopore DNA and RNA sequencing expertise utilized in genomic analysis, medical diagnostics and utilized markets akin to meals and crop security testing.
The corporate’s share worth fell barely as we speak, round 1%, nonetheless, it’s up greater than 60% because the begin of the yr.
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