Vermillion Expects $2M Payment from Bio-Rad Following Patent Re-Issue

Nov 05, 2007

NEW YORK (GenomeWeb News) – The US Patent and Trademark Office has re-issued a patent covering SELDI mass spec-related technology to Vermillion, formerly called Ciphergen, that entitles the diagnostics developer to a $2 million payment from Bio-Rad Laboratories, Vermillion said today.

Bio-Rad agreed to the payment when it bought Vermillion’s proteomics tools business a year ago for $20 million in cash and a $3 million investment.

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