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Applera to Pay Genetic Technologies $11.2M as Part of Settlement

Jan 04, 2006

NEW YORK, Jan. 4 (GenomeWeb News) - A California court has formally dismissed the patent infringement suit between Genetic Technologies and Applera, GTG said today.

 

As reported by GenomeWeb News on Dec. 12, Applera agreed to settle the lawsuit over GTG's junk DNA gene-testing technologies on Dec. 9.

 

Under the settlement, Applera agreed to take a license to the GTG non-coding patents and will make payments in the form of cash, equipment, reagents and intellectual property. The payments will total approximately AU$15 million ($11.2 million), GTG said.

 

The Northern California District Court formally dismissed the lawsuit on Dec. 30.

 

GTG has favourably resolved six lawsuits involving its patents and does not have any other cases pending.

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